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2016 SESSION

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HB 216 Sales and use tax; tax on food purchased for human consumption.

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

SUMMARY AS INTRODUCED:

Sales and use tax; food purchased for human consumption. Phases out over a five-year period the state and local sales and use tax on food purchased for human consumption. Under current law, the local tax rate on food is 1% and the state tax rate on such food is 1.5%, with a 1% tax dedicated to localities on the basis of school-age population and the remaining 0.5% tax dedicated to the Transportation Trust Fund. The bill dedicates state sales and use tax revenue to hold harmless localities and the Transportation Trust Fund.


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