evenue Sharing

Senate Bill 1019

Sponsor:  Senator Emerson

Committee:  Appropriations

First Analysis: 3/11/2004

BRIEF SUMMARY:  Senate Bill 1019 would amend the Revenue Sharing Act to allow the Department of Treasury to withhold a county’s revenue sharing payment if the county did not comply with the requirement to properly distribute any enterprise zone specific taxes or industrial facilities taxes. This provision simply gives the Department of Treasury some leverage to ensure compliance.

            The bill further stipulates that before the Department can withhold all or part of a county’s revenue sharing payment it must inform the county in writing of its intent to so and provide an opportunity for the county to comply.

            Finally, the bill alters the distribution mechanism to implement the additional 5% across-the-board reduction to statutory payments as specified in Executive Order 2003-23.

 

FISCAL IMPACT: The bill would have no impact on state or local revenues.

                                                                                                  Fiscal Analyst:   Jim Stansell

■ This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.