PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2657
(Reference to printed bill)
Page 19, line 20, after the period insert "Except as provided in subsection M of this section,"
Page 23, after line 45, insert:
"L. The department shall calculate an alternative retail distribution amount as follows:
1. For the determination of the alternative retail distribution amount in:
(a) 2015, Determine the amount of the taxes collected pursuant to section 42‑5010, subsection a from businesses in the prime contracting classification in fiscal year 2013-2014, divide this amount by 0.65 and multiply this quotient by 0.41. This product is the prime contracting factor.
(b) 2016 and every subsequent year, multiply the prime contracting factor determined for the prior year by one plus the percentage change in new construction in this state from the second prior valuation year to the valuation year before the year in which distributions are to be made pursuant to subsection M of this section.
2. For the determination of the alternative retail distribution amount in:
(a) 2015, Determine the amount of the taxes collected pursuant to section 42‑5010, subsection a from businesses in the retail classification in fiscal year 2013-2014 and add the prime contracting factor determined in paragraph 1, subdivision (a) of this subsection.
(b) 2016 and every subsequent year, determine the amount of taxes collected pursuant to section 42-5010, subsection A from businesses in the retail classification in the prior fiscal year.
3. In 2015, divide the prime contracting factor determined in paragraph 1, subdivision (a) of this subsection by the sum determined in paragraph 2, subdivision (a) of this subsection. In 2016 and every subsequent year divide the prime contracting factor determined in paragraph 1, subdivision (b) of this subsection by the amount determined in paragraph 2, subdivision (b) of this subsection. This quotient is the distribution factor.
4. Multiply the distribution factor determined in paragraph 3 of this subsection by the amount of monies designated as distribution base derived from businesses in the retail classification for the monthly distribution period. This product is the alternative retail distribution amount, which shall be distributed pursuant to subsection M of this section.
M. From the alternative retail distribution amount the department shall:
1. Pay twenty‑five per cent to incorporated municipalities in this state in the proportion that the new construction in a municipality in the prior valuation year bears to the total new construction in all the municipalities for the prior valuation year, To be used by the municipalities for any municipal purpose.
2. Pay 40.51 per cent to counties in this state in the proportion that the new construction in a county in the prior valuation year bears to the total new construction in all the counties for the prior valuation year.
3. Pay the remainder of the monies as prescribed in subsection D, paragraph 4 of this section."
Reletter to conform
Page 77, between lines 18 and 19, insert:
"4. The sale of a motor vehicle to either of the following:
(a) A nonresident of this state if the nonresident's state of residence does not allow a corresponding use tax exemption to the tax imposed on retail sales by the model city tax code and if the nonresident has secured a special ninety day nonresident registration permit for the vehicle as prescribed in sections 28-2154 and 28-2154.01.
(b) An enrolled member of an Indian tribe who resides on the Indian reservation established for that tribe."
Renumber to conform
Amend title to conform
JAVAN D. MESNARD |
C: kcb