FISCAL NOTE

Senate Bill 317 as introduced could decrease county and municipal sales and use tax receipts by an undetermined amount dependent upon the number of public/private joint ventures of agriculture authorities, private entities and lessees of agriculture authorities or joint ventures of agriculture authorities that collect and remit local sales and use taxes to local taxing authorities that would now be required to be rebated back to an agriculture authority pursuant to the provisions of this bill.

This bill also exempts agriculture authorities and any joint venture of which an authority is a member of from paying any other county and municipal taxes, including license and excise taxes, which would decrease further the tax receipts received by counties and municipalities also by an undetermined amount dependent upon the number of joint ventures authorities are members of and the amount of tax receipts that would have otherwise been collected if not for the exemption authorized by this bill.

As amended and reported by the Committee on Governmental Affairs, provides that a county commission may opt-out any requirements to rebate sales taxes collected by a private entity, joint venture partner, or public-private partnership, and removes the provision allowing any joint venture of which an authority is a member if to be exempt from paying any other county and municipal taxes imposed by counties and municipalities.