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2006 SESSION

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HB 770 Income tax, state; distribution of revenues to localities.

Introduced by: Mark D. Sickles | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; distribution of revenues to localities.  Requires the transfer of 1% of individual income tax revenues to localities in 2006, and the amount increases 1% each year until it reaches a maximum of 5% for 2010 and thereafter. The revenues are distributed to counties and cities as follows: (i) 50% based on the relative share of the total state income tax paid by taxpayers filing returns in each locality, (ii) 40% based on where wages are earned, and (iii) 10% divided equally among all counties and cities.

FULL TEXT

• 01/10/06  House: Prefiled and ordered printed; offered 01/11/06 064281510  pdf

HISTORY

• 01/10/06  House: Prefiled and ordered printed; offered 01/11/06 064281510
• 01/10/06  House: Referred to Committee on Appropriations
• 02/15/06  House: Left in Appropriations