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SPONSOR: |
Fidel |
DATE
TYPED: |
|
HB |
|
||
SHORT
TITLE: |
Tax
Receipts for County Hospitals |
SB |
713 |
||||
|
ANALYST: |
Smith |
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REVENUE
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
FY03 |
FY04 |
|
|
|
|
NFI |
|
|
General Fund |
|
(*) |
(*) |
Recurring |
|
|
* |
* |
Recurring |
City of |
|
|
|
|
|
(Parenthesis
( ) Indicate Revenue Decreases)
Responses
Received From
Taxation
and Revenue Department (TRD)
SUMMARY
Synopsis
of Bill
Senate Bill 713
redirects proceeds from certain local option taxes from
·
second
one-eighth percent (.125%) of county local option gross receipts tax,
·
.125%
special county hospital gross receipts tax,
·
.5%
local hospital gross receipts tax, and
·
the special county hospital gasoline tax, which may
be imposed on gasoline sold at retail in the county at a rate of $.01 or
$.02.per gallon.
Revenue from these taxes
are to be used by the city to operate and maintain a
hospital.
FISCAL
IMPLICATIONS
TRD notes that, of the relevant local option taxes, only the .5% local
hospital gross receipts tax is currently imposed by
TECHNICAL
ISSUES
TRD states that rather than
further complicating state tax statutes and administration, it seems the
proposed distribution scheme could be handled via a separate “funds distribution”
agreement between the county and the municipality.
OTHER
SUBSTANTIVE ISSUES
TRD has provided the
following table.
Potential Revenue to City of |
||||
|
|
|
|
Total |
$277,000 |
$277,000 |
$1,110,000 |
$280,000* |
$1,944,000 |
SS/prr