SB815,,112023 SENATE BILL 815
December 19, 2023 - Introduced by Senators Spreitzer and Agard, cosponsored by Representatives Palmeri, Madison, C. Anderson, Ratcliff, J. Anderson, Ohnstad and Baldeh. Referred to Committee on Universities and Revenue.
SB815,,22An Act to amend 20.566 (1) (g), 20.566 (1) (gi) (title), 20.835 (4) (g), 20.835 (4) (gi) (title), 77.701 (title), 77.71 (intro.), 77.71 (1), 77.71 (2), 77.71 (3), 77.71 (4), 77.71 (5) and 77.76 (4); and to create 20.566 (1) (gj), 20.835 (4) (gj), 77.70 (3), 77.702 and 77.76 (3t) of the statutes; relating to: additional local sales and use taxes and making an appropriation.
SB815,,33Analysis by the Legislative Reference Bureau
Current law allows a county to enact an ordinance to impose sales and use taxes at the rate of 0.5 percent of the sales price or purchase price on tangible personal property and taxable services. The county must use the revenue from the taxes for property tax relief. This bill allows a county to impose, by ordinance, an additional sales and use tax at the rate of 0.5 percent of the sales price or purchase price on tangible personal property and taxable services. The revenue from those taxes may be used for any purpose designated by the county board or specified in the ordinance.
The bill also allows a municipality to enact an ordinance to impose sales and use taxes at the rate of 0.5 percent of the sales price or purchase price on tangible personal property and taxable services. The revenue from those taxes may be used for any purpose designated by the governing body of the municipality or specified in the ordinance.
For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.