State Senator Paul Bailey plans to advocate for the equalization of shared sales tax between local governments and the state as the new legislative session begins Tuesday. Bailey said the portion of sales tax allocated to cities has been frozen since the state raised its collection percentage to seven percent. He said the state sales tax was raised in 2002 ... Read More »
Tag Archives: Shared Sales Tax
Sexton: Lawmakers Looking At Phased Approach To Restore Shared Sales Tax With Cities
House Speaker Cameron Sexton said sharing more state revenue with cities is something the General Assembly could work on in the future. The state’s new budget does not include funding to restore the historic sharing of state sales tax income with cities. Sexton said lawmakers are looking at adding the funding incrementally. “On the state shared sales tax, that comes ... Read More »