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2003 SESSION

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HB 1993 State recordation tax; additional distribution to localities.

Introduced by: Robert S. Bloxom | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

State recordation tax; additional distribution to localities. Provides that 50 percent of the amount of state recordation tax collected in excess of $80 million shall be distributed, beginning June 30, 2004, and each year thereafter, to the counties and cities based on the percentage of recordation taxes collected in each county and city. The remaining 50 percent would be deposited in the state's general fund. The additional amount above $80 million distributed to counties and cities would be used for land preservation.


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