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2012 SESSION

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HB 1116 Retail Sales and Use Tax; distribution of revenue collected in certain public facilities.

Introduced by: Israel D. O'Quinn | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (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 SB 607. 


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