On page 1, line 19, of the House Taxation bill, after "of " insert "special "
On page 1, line 19, of the House Taxation bill, after "fund--" insert "Amount credited to fund--Distribution of moneys in fund--"
On page 1, line 19, of the House Taxation bill, delete "Purpose--Deposit amount" and insert "Use of moneys distributed"
On page 1, line 20, of the House Taxation bill, after "in " delete "deposit "
On page 1, line 20, of the House Taxation bill, after "amount" insert " credited"
On page 1, line 21, of the House Taxation bill, delete "There shall be established within the state treasury the county capital improvement fund to assist a county with meeting expenditures " and insert "For each county in this state, there shall be credited, on a monthly basis, to a special county capital improvement fund, that is hereby established in the state treasury, five hundredths of a percent of the revenue received from within the county's jurisdictional boundary as a result of taxes imposed in chapters 10-45 and 10-46. The Department of Revenue shall pay the moneys in the fund to the county entitled thereto within thirty days of receipt after accounting for any refunds made. The county, by a majority vote of its board of county commissioners, may use the moneys from the fund "
On page 2, line 1, of the House Taxation bill, after "shall " delete "track and "
On page 2, line 1, of the House Taxation bill, delete "a written record " and insert "full and accurate records "
On page 2, line 2, of the House Taxation bill, delete " collected within each county's jurisdictional boundary as a result of taxes imposed in chapters 10-45 and 10-46. The secretary of the Department of Revenue shall, on a monthly basis, deposit five hundredths of a percent of the revenue collected as a result of taxes imposed in chapters 10-45 and 10-46 in the county capital improvement fund" and insert " credited and distributed pursuant to this section"
On page 2, line 7, of the House Taxation bill, after "monthly " delete "deposit "
On page 2, line 7, of the House Taxation bill, after "amount " insert "credited to the special county capital improvement fund "
On page 2, line 8, of the House Taxation bill, delete " collected" and insert " received"
On page 2, line 9, of the House Taxation bill, after "collected." delete "A county, by a majority vote of its board of county commissioners, may make a request with the Board of Economic Development to access moneys from the county capital improvement fund for authorized purposes to the extent the moneys in the fund are attributable to revenue collected within the county's jurisdictional boundary.
Any expenditures authorized from the county capital improvement fund shall be paid on warrants drawn by the state auditor on vouchers approved by the commissioner of the Governor's Office of Economic Development."