Reference is to Printer's Date 3/19/14--S.
Amend the bill, as and if amended, SECTION 1, page 3, by adding two appropriately lettered subsections at the end of Section 4-10-470 to read:
/ ( )(1) The
Education Capital Improvements Sales and Use Tax authorized by
this article also may be imposed in a county which does not meet
the collection requirements of subsection (A) so long as the
county in which the tax is to be imposed:
(a)
is comprised of more than one school district
and the county has a county board of education; and
(b)
has no other local sales tax imposition at the
time of the referendum.
(2)
Notwithstanding any other provision of this
article, if the Education Capital Improvements Sales and Use Tax
is imposed pursuant to this subsection, then:
(a)
at least ten percent of the proceeds must be
used to provide property tax relief by using the proceeds to
offset the existing debt service millage levy on general
obligation bonds pursuant to Section 4-10-445; and
(b)
the tax revenue distributed to each district
must be in the proportion that the district's average daily
membership (ADM) attributes to the total ADM of all the school
districts in the county, limited to ADM attributable to the
county.
(3)
the resolution required pursuant to Section
4-10-425 must be agreed to by a majority vote of the board of
trustees of each school district located in whole or in part in
the county.
(4)
For purposes of this subsection, a sales tax is
a tax levied pursuant to this chapter, pursuant to Chapter 37,
Title 4, or pursuant to any local law enacted by the General
Assembly.
(5)
Once a county meets the provisions of item (1)
and imposes the education capital improvement sales and use tax,
it thereafter remains eligible to impose this tax pursuant to
this subsection.
( ) The
Education Capital Improvements Sales and Use Tax authorized by
this article also may be imposed in a county which does not meet
the collection requirements of subsection (A) so long as:
(1)
immediately prior to the imposition date, if
approved:
(a)
the county is imposing the local option sales
tax imposed pursuant to Article 1, and the county has not
imposed that tax for twenty years or more, in which any portion
of a calendar year counts as a year, and no other local sales
and use tax that is administered by the Department of Revenue is
imposed in the county; and
(2)
the county collected at least one hundred
thousand dollars in state accommodations taxes as imposed
pursuant to Section 12-36-920(A) in the most recent fiscal year
for which full collection figures are available.
Once a county meets the provisions
of item (1) and the threshold in item (2), it thereafter remains
eligible to impose this tax pursuant to this subsection.
/
Renumber sections to conform.
Amend title to conform.