HB 575, O-LOST in Consolidated Governments to Reduce Millage Rate

Municipal Impact
Position
Contact

Rep. Robert Dickey
District 140
Contact Info

Support
Last Updated:
Subject Area:
Resources:
4/12/2021
Taxation | Taxation - State Only |
bill text

This bill would allow a consolidated government to increase the Local Option Sales Tax (LOST) rate from 1 percent to 2 percent with the additional revenue collected used to reduce applicable millage rates for property tax.

In the year following the intial levy of the increased tax, the consolidated government and any municipality recieving proceeds from the tax would be required to reduce their millage rate by seven mills. In each subsequent year these local governments would be required to reduce the millage rate to offset the amount of additional revenue produced by the increased tax rate. 

BILL STATUS
5/4/2021 - Effective Date 5/4/2021 - Act 167 5/4/2021 - Date Signed by Governor

Votes

3/31/2021 House Vote #435 Yea - 165 Nay - 1 Not Voting - 8 Excused - 6
3/31/2021 Senate Vote #409 Yea - 29 Nay - 23 Not Voting - 0 Excused - 4
3/31/2021 Senate Vote #408 Yea - 33 Nay - 18 Not Voting - 1 Excused - 4
3/29/2021 Senate Vote #358 Yea - 33 Nay - 16 Not Voting - 0 Excused - 7
3/8/2021 House Vote #241 Yea - 162 Nay - 0 Not Voting - 11 Excused - 7