(HB 1184)
Gross receipts tax to be distributed to schools.
Section
1.
That
§
10-33-24
be amended to read as follows:
10-33-24.
It shall be the duty of the
The
secretary of revenue and regulation
to
shall
compute
and determine the amount of tax to be paid by
such
each
company as provided in § 10-33-21
and
he
. The secretary
shall on or before July first
following
of each year
certify to
the county auditor
of each county
each school district
in the state in which
such
the
company operates the amount of
the tax to be paid
in such county on the basis of the gross receipts received by such company from
its operations in such county and shall further certify to the county auditor the amount to which
each
to the
school district
shall be entitled in each such county
on the basis of the gross receipts
received by
such
the
company in each school district.
The county auditor shall extend such tax on
his books and certify the same to the county treasurer.
Section
2.
That
§
10-33-25
be amended to read as follows:
10-33-25.
The tax levied in § 10-33-21
shall become
is
due and
be
payable to the
county
treasurer of each county in which such company operates and as certified by the
secretary of
revenue and regulation
on September
by August
first of each year following the filing of the report
of
such
the
gross receipts.
The secretary of revenue and regulation shall distribute the taxes paid
pursuant
§
§
10-33-21 and 10-33-24 to each school district by September first of each year. The
secretary of revenue and regulation shall approve vouchers and the state auditor shall draw
warrants to pay each school district its share of the distribution.
Section
3.
That
§
10-33-28
be repealed.