HB 995 (2011) -  Revenue-Neutral Tax Reform

by Costello and Corcoran (CO-SPONSORS) Trujillo
Replaces revenue from required local effort school property tax with revenue from state sales tax increase; provides legislative intent & findings; provides for 2.5 cent increase in tax on sales, use, & other transactions as replacement for required local effort school property tax; revises brackets for calculating sales tax amounts; provides for reservation & allocation of revenues from additional 2.5 cent increase in tax rate; conforms provisions relating to calculating required local effort for school funding, funding for fiscally constrained counties, funding for developmental research schools, & adoption of district school board budget; deletes requirement that district school board levy minimum millage rate necessary to provide district's required local effort; revises notice form relating to district school board's proposed tax increase for required local effort.
Effective Date: January 1, 2012
Last Event: Died in Finance & Tax Committee on Saturday, May 7, 2011 2:07 AM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Committee Time: 05/07/2011 - 2:07 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Now in Finance & Tax Committee Time: 03/03/2011 - 9:48 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Appropriations Committee Time: 03/03/2011 - 9:48 AM Member: Committee: Appropriations Committee Version: __
Event: H Referred to PreK-12 Appropriations Subcommittee Time: 03/03/2011 - 9:48 AM Member: Committee: PreK-12 Appropriations Subcommittee Version: __
Event: H Referred to Finance & Tax Committee Time: 03/03/2011 - 9:48 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Filed Time: 02/24/2011 - 1:26 PM Member: Costello Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
11.45 HB 455, SB 552, SB 1204, HB 1211, SB 1406, CS/SB 1548, CS/SB 1738*, SB 2096, SB 2110, SB 2156, HB 4029, HB 5009, HB 7017, HB 7247
200.065 HB 89, SB 270, SB 914, SB 1406, SB 2042
202.18 HB 455, SB 1406, CS/SB 1548
212.03 CS/SB 376, HB 455, CS/CS/HB 493, SB 1406, CS/SB 1548
212.031 HB 455, SB 1406, CS/SB 1548, SB 1556
212.04 HB 455, SB 1406, CS/SB 1548
212.05 HB 455, SB 924, SB 1406, CS/SB 1548, SB 2124, HB 7009, HB 7217
212.0501 SB 1406
212.0506 HB 455, SB 1406, CS/SB 1548
212.06 HB 455, HB 1275, SB 1406, CS/SB 1548, SB 1820, CS/HB 5005
212.08 SB 268, HB 455, CS/SB 508*, HB 639*, HB 675, SB 912, SB 924, CS/HB 1069, SB 1080, HB 1099, HB 1175, CS/CS/HB 1231*, SB 1242, HB 1275, SB 1296, HB 1349, SB 1406, CS/CS/SB 1460*, CS/SB 1470, CS/CS/SB 1524, CS/SB 1548, SB 1632, SB 1724, SB 1810, SB 1820, SB 2152, SB 2156, HB 4033*, HB 7009, HB 7217, HB 7247
212.12 HB 455, CS/CS/SB 666, SB 1406, CS/SB 1548, SB 2044
212.20 HB 455, HB 759, HB 955, HB 1269, CS/CS/SB 1346*, SB 1406, CS/SB 1548, SB 1638, CS/SB 1962, SB 2008, SB 2156, HB 7247
218.245 HB 455, SB 1406, CS/SB 1548
218.65 HB 455, SB 1406, CS/SB 1548
218.67 SB 1406
288.11621 HB 455, SB 1296, SB 1406, CS/SB 1548, SB 2156, HB 7247
288.1169 HB 455, CS/CS/SB 1346, SB 1406, CS/SB 1548, SB 2156, HB 7247
1002.32 SB 1406, CS/CS/CS/SB 1546*
1011.02 SB 1406
1011.62 HB 937, SB 946, CS/CS/SB 1254, CS/CS/HB 1255*, HB 1341, SB 1406, CS/CS/SB 1696, CS/SB 1844, CS/SB 1996, SB 2026, SB 2120, CS/HB 5101, HB 7011, CS/HB 7087*, HB 7091
1011.71 SB 1406, SB 2120, CS/HB 5101

(*) Not the latest version