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2004 SPECIAL SESSION I

• | print version

HB 5011 Retail Sales and Use Tax; increased for education.

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

SUMMARY AS INTRODUCED:

Sales and use tax; increase for education. Increases the state portion of the sales and use tax from 3.5 percent to 4.5 percent with (i) one-half of the additional revenues generated to be distributed among all counties and cities based upon point of sale and used solely for public school purposes and (ii) the remaining one-half of such revenues to be appropriated by the General Assembly for higher education.

FULL TEXT

• 04/05/04  House: Presented & ordered printed 041476508  pdf

HISTORY

• 04/05/04  House: Presented & ordered printed 041476508
• 04/05/04  House: Referred to Committee on Finance
• 05/07/04  House: No action taken by Finance by voice vote