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1997 SESSION

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HB 1591 Sales tax exemption; repeal of tax on certain food.

Introduced by: L. Karen Darner | all patrons    ...    notes | add to my profiles

SUMMARY:

Sales and use tax; repeal of tax on certain food. Eliminates the sales and use tax on food purchased for preparation and consumption away from the place of purchase. Beginning on July 1, 1998, the tax is reduced to 3.5 percent and continues to be reduced by 0.5 percent annually until it is totally eliminated on July 1, 2005. It also requires the state, the Transportation Trust Fund and the localities to share the reduction in revenue due to the changes in the tax rate on a proportional basis.

FULL TEXT

• 01/08/97  House: Presented & ordered printed, prefiled 11/26/96 974718196  pdf

HISTORY

• 01/08/97  House: Presented & ordered printed, prefiled 11/26/96 974718196
• 01/08/97  House: Referred to Committee on Finance
• 01/10/97  House: Assigned to Finance sub-committee: 2
• 02/03/97  House: No action taken by Finance by voice vote