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2014 SESSION

• | print version

HB 433 Retail Sales and Use Tax; food purchased for human consumption.

Introduced by: James M. LeMunyon | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax; food purchased for human consumption. Phases out over a five-year period the state and local sales and use tax on food purchased for human consumption. Under current law, the local tax rate on food is 1% and the state tax rate on such food is 1.5%, with a 1% tax dedicated to localities based on school age population and the remaining one-half percent tax dedicated to the transportation trust fund. The bill dedicates state sales and use tax revenue to hold harmless localities and the transportation trust fund.

FULL TEXT

• 01/04/14  House: Prefiled and ordered printed; offered 01/08/14 14103230D  pdf | impact statement

HISTORY

• 01/04/14  House: Prefiled and ordered printed; offered 01/08/14 14103230D
• 01/04/14  House: Referred to Committee on Finance
• 02/12/14  House: Left in Finance