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H0380.....................................................by WAYS AND MEANS
TAX RELIEF FUND - Adds to existing law to provide for the creation of the
Tax Relief Fund; to specify the purpose of the fund; and to provide for
allocation of certain moneys to the fund.
03/28 House intro - 1st rdg - to printing
03/29 Rpt prt - to 2nd rdg
Rls susp - FAILED - 30-31-9
Motion to reconsider
Reconsidered - PASSED - 40-26-4
AYES -- Barraclough, Barrett, Bedke, Bolz, Bradford, Bruneel,
Callister, Collins, Denney, Ellis, Ellsworth, Eskridge, Field(13),
Field(20), Gould, Hammond, Hansen, Harwood, Hornbeck, Kendell, Kunz,
Lake, Langford, Loertscher, Mader, McKague, Mortensen, Moss, Moyle,
Pearce, Raybould, Roberts, Sali, Schaefer, Smylie, Tilman, Wheeler,
Wood, Young(Young), Mr. Speaker
NAYS -- Bell, Bieter, Black, Boe, Chase, Cuddy, Deal, Gagner, Hadley,
Henbest(Farley), Higgins, Jaquet, Jones, Kellogg, Marley, Meyer,
Pischner, Pomeroy, Ridinger, Robison, Sellman, Shepherd, Smith,
Stevenson, Stone, Trail
Absent and excused -- Campbell, Clark, Crow, Montgomery
Floor Sponsors -- Bedke & Roberts
Title apvd - to Senate
03/30 Senate intro - 1st rdg - to Loc Gov
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 380
BY WAYS AND MEANS COMMITTEE
1 AN ACT
2 RELATING TO TAX RELIEF; AMENDING TITLE 57, IDAHO CODE, BY THE ADDITION OF A
3 NEW CHAPTER 20, TITLE 57, IDAHO CODE, TO PROVIDE FOR THE CREATION OF THE
4 TAX RELIEF FUND, TO SPECIFY THE PURPOSE OF THE FUND AND TO PROVIDE FOR
5 ALLOCATION OF CERTAIN MONEYS TO THE FUND.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Title 57, Idaho Code, be, and the same is hereby amended
8 by the addition thereto of a NEW CHAPTER, to be known and designated as Chap-
9 ter 20, Title 57, Idaho Code, and to read as follows:
10 CHAPTER 20
11 TAX RELIEF FUND
12 57-2001. TAX RELIEF FUND CREATED -- PURPOSE. There is hereby created and
13 established in the state treasury a fund to be known as the "Tax Relief Fund"
14 to which shall be credited or deposited all moneys specified in section
15 57-2002, Idaho Code. Moneys in the fund may be transferred by the legislature
16 to the general fund to offset the fiscal impact to the general fund of any tax
17 reduction measure or measures.
18 57-2002. MONEYS ALLOCATED TO THE TAX RELIEF FUND. Notwithstanding any
19 other provision of law, for fiscal year 2002 and all fiscal years thereafter,
20 if the state controller certifies that the receipts to the general fund for
21 the fiscal year just ending have exceeded the receipts of the previous fiscal
22 year by more than six percent (6%), then the state controller shall transfer
23 all general fund collections in excess of such six percent (6%) increase to
24 the tax relief fund, to be used for the purposes set forth in section 57-2001,
25 Idaho Code.
STATEMENT OF PURPOSE
RS 11296C1
This legislation would create a cap on the amount of general fund
revenue increases that can be spent on agency budget increases at 6%
and to create a fund for all the revenue in excess of 6% dedicated to
tax relief.
FISCAL IMPACT
This legislation will affect agency budgets to the extent such budgets
exceed 6% growth for any given year.
Contact
Name: Rep. Scott Bedke
Rep. Dan Mader
Phone: (208) 332-1000
STATEMENT OF PURPOSE/FISCAL NOTE H380