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2012 SESSION

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SB 607 Retail Sales and Use Tax; distribution of revenue collected in certain public facilities.

Introduced by: Charles W. Carrico, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Entitlement to sales and use tax revenues; development of regional impact. Entitles the City of Bristol to retain certain sales and use taxes generated on the premises of a development of regional impact located in the City, to pay bonds issued for the development. The bill sets forth numerous criteria that a development must meet in order to qualify. The bill is identical to HB 1116.


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