HB 995: Revenue-Neutral Tax Reform
GENERAL BILL by Costello ; Corcoran ; (CO-INTRODUCERS) Trujillo
Revenue-Neutral Tax Reform; Replaces revenue from required local effort school property tax with revenue from state sales tax increase; provides legislative intent & findings; provides for 2.5 cent increase in tax on sales, use, & other transactions as replacement for required local effort school property tax; revises brackets for calculating sales tax amounts; provides for reservation & allocation of revenues from additional 2.5 cent increase in tax rate, etc.
Effective Date: 1/1/2012
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/24/2011 House • Filed
3/3/2011 House • Referred to Finance and Tax Committee; PreK-12 Appropriations Subcommittee; Appropriations Committee -HJ 87
3/8/2011 House • Introduced -HJ 87
5/7/2011 House • Indefinitely postponed and withdrawn from consideration
• Died in Finance and Tax Committee
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HB 995, Original Filed Version (Current Bill Version) Posted 2/24/2011 at 1:26 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1406 Local Effort School Property Tax/Sales Tax Bogdanoff Identical Last Action: 5/7/2011 S Died in Education Pre-K - 12
Location: In committee/council (ED)
Citations - Statutes (22)
Citation Catchline Location in Bill Location In Bill Help 11.45 Definitions; duties; authorities; reports; rules. Page 39 (pdf) 200.065 Method of fixing millage. Page 59 (pdf) 202.18 Allocation and disposition of tax proceeds. Page 40 (pdf) 212.03 Transient rentals tax; rate, procedure, enforcement, exemptions. Page 4 (pdf) 212.031 Tax on rental or license fee for use of real property. Page 6 (pdf) 212.04 Admissions tax; rate, procedure, enforcement. Page 7 (pdf) 212.05 Sales, storage, use tax. Page 12 (pdf) 212.0501 Tax on diesel fuel for business purposes; purchase, storage, and use. Page 29 (pdf) 212.0506 Taxation of service warranties. Page 30 (pdf) 212.06 Sales, storage, use tax; collectible from dealers; “dealer” defined; dealers to collect from purchasers; legislative intent as to scope of tax. Page 30 (pdf) 212.08 Sales, rental, use, consumption, distribution, and storage tax; specified exemptions. Page 30 (pdf) 212.12 Dealer’s credit for collecting tax; penalties for noncompliance; powers of Department of Revenue in dealing with delinquents; brackets applicable to taxable transactions; records required. Page 31 (pdf) 212.20 Funds collected, disposition; additional powers of department; operational expense; refund of taxes adjudicated unconstitutionally collected. Page 35 (pdf) 218.245 Revenue sharing; apportionment. Page 40 (pdf) 218.65 Emergency distribution. Page 41 (pdf) 218.67 Distribution for fiscally constrained counties. Page 54 (pdf) 288.11621 Spring training baseball franchises. Page 43 (pdf) 288.1169 International Game Fish Association World Center facility. Page 45 (pdf) 1002.32 Developmental research (laboratory) schools. Page 57 (pdf) 1011.02 District school boards to adopt tentative budget. Page 58 (pdf) 1011.62 Funds for operation of schools. Page 45 (pdf) 1011.71 District school tax. Page 53 (pdf)