JOINT REVENUE INTERIM COMMITTEE

Standard Budget:             $46,500.00

Priority #: 1         Revenue for school facilities and major maintenance

The Committee will consider revenue options that may be available for providing revenue for funding school facilities and major maintenance. Under this topic the Committee will review wind taxation and other possible revenue sources indicated by the tax reform 2000 report or other sources.

Priority #: 2         Tobacco taxes

The Committee will review taxes related to tobacco. The Committee will review the current uses of tobacco trust fund earnings and tobacco taxes and how to address the shortfall from the tobacco trust fund.

Priority #: 3         State Board of Equalization

The Committee will consider issues related to the operation of the State Board of Equalization including:
A. Certification of county tax disputes to the board.
B. Improving the process for resolving liquor license revocation and suspension disputes.
C. Improving the process for resolving fuel tax, diesel tax and alternative tax assessment disputes.
D. Providing a mechanism for a county to challenge a state assessed value.

Priority #: 4         Local funding issues.

The Committee will consider funding issues related to local governments. This topic will include the consideration of optional sales and use taxes including a local optional tax on food. This topic will include a report by the Association of Municipalities on funding issues for cities and towns. The Committee will review information related to tax increment financing for local economic development activity.

Priority 5.  Tax exemptions.

The Committee will review existing tax exemptions.

Priority #: 6.        Streamlined sales tax

The Committee will receive a report from the Department of Revenue on the status of the streamlined sales tax initiative and an analysis of recent efforts in other states to collect sales tax across state lines in the absence of the pending federal legislation.

Meeting Schedule
3-2 DAY MTGS