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1994 SESSION

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HB 92 Watercraft tax.

Introduced by: A. Victor Thomas | all patrons    ...    notes | add to my profiles

SUMMARY:

Watercraft tax. Dedicates, over a four-year period, an increasing portion of the revenue generated from the watercraft sales and use tax to a special fund administered by the Department of Game and Inland Fisheries, known as the motorboat and water safety fund. Beginning in fiscal year 1996 and continuing through 1998, 50 percent of the proceeds from the tax will be allocated annually to the Fund. In 1999, the amount dedicated to the fund will increase to 75 percent, until the entire tax is credited to the fund in fiscal year 2000. This tax has in the past generated approximately two million dollars.


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