AB68. Revises various provisions relating to the distribution of certain taxes to local governments. (BDR 32-247)

Nevada Legislature. 77th Legislature (2013). Assembly.

Introduced:
Dec 28, 2012
Last Action:
Mar 14, 2013
Approved by the Governor. Chapter 3.

State legislative information provided by LegiNation, Inc. and LegiScan, Inc. Some information also from Open States.

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History

Dec 28, 2012: Prefiled. Referred to Committee on Taxation. To printer.

Dec 28, 2012: From printer.

Feb 04, 2013: Read first time. To committee.

Feb 18, 2013: From committee: Do pass.

Feb 20, 2013: Read second time.

Feb 21, 2013: Read third time. Passed. Title approved. (Yeas: 39, Nays: None, Excused: 3.) To Senate.

Feb 25, 2013: In Senate.

Feb 25, 2013: Read first time. Referred to Committee on Revenue and Economic Development. To committee.

Mar 01, 2013: From committee: Do pass.

Mar 04, 2013: Read second time.

Mar 05, 2013: Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.

Mar 07, 2013: In Assembly. To enrollment.

Mar 11, 2013: Enrolled and delivered to Governor.

Mar 14, 2013: Approved by the Governor. Chapter 3.

Summary

Legislative Counsel's Digest: For purposes of apportioning taxes collected by the Department of Taxationwhere the basis of the apportionment is the population of the political subdivision, existing law requires the Department to use the populations certified by the Governor. (NRS 360.285) Section 1 of this bill clarifies that each apportioned payment attributable to a fiscal year must be based upon the Governor s certification made on or before March 1 immediately preceding the fiscal year for which the payment will be made. Existing law establishes the statutory formulas for distributing tax proceeds from the Local Government Tax Distribution Account to local governments, enterprise districts and special districts. (NRS 360.680, 360.690) Sections 2-4 of this bill establish different formulas to calculate the distribution of the tax proceeds. Existing law authorizes the governing bodies of two or more local governments or special districts, or any combination thereof, to enter into a cooperative agreement that sets forth an alternative formula for the distribution of taxes from the Local Government Tax Distribution Account. (NRS 360.730) Section 5 of this bill changes the date by which a copy of an approved cooperative agreement mustbe transmitted to the Executive Director of the Department of Taxation from December 1 of the year immediately preceding the initial year of distribution that will be governed by the cooperative agreement to April 1 of the initial year ofdistribution. Section 5 also requires local governments and special districts who anticipate being parties to such a cooperative agreement to provide to the Department of Taxation on or before March 1 of the initial year of distribution that will be governed by the cooperative agreement a nonbinding notice of intent toenter into the cooperative agreement.