LD 594 LR 641(01)
An Act To Allow the Creation of a Local Option Sales Tax by Referendum
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Valentino of York
Committee: Taxation
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium cost increase - General Fund
Potential current biennium revenue increase - General Fund
Fiscal Detail and Notes
This bill allows a municipality to impose a local option sales tax of no more than 1% by referendum.  The Department of Administration and Financial Services would incur costs to administer the program which would be covered by the sales tax revenue. The amounts would depend on the number of municipalities that choose to have a local sales tax and on the amount of sales realized.