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H 0522 - Change the LOST Adjustment Factor

Tracking Level: High
Sponsor: David Lewis (R)
Last Action: 3/30/2017 - House - Ref To Com On Finance
House Committee:
Assigned To:
Taxation & FinanceNext Bill

Staff Analysis of the Legislation

Eliminates the current adjustment factors applied to the half-cent local sales tax imposed under Article 40. Replaces those factors with new adjustment factors that are tied to the economic development tier ranking given to the county and municipalities within it that levy this tax. (version 1)
Short Note: Companion Bill to SB 126

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text