Summary as introduced:
Sales and use tax; optional local tax for mass transit. Authorizes any county or city embraced within the Washington Metropolitan Area Transit Authority to levy an additional local sales and use tax at a rate of one-half of one percent with the revenues generated from such tax to be used solely for mass transit purposes. The county or city imposing such a tax must reduce its real estate tax rate so that total real estate tax revenues are reduced by 40 percent of the additional sales tax revenues. The tax shall be adopted by local ordinance which shall become effective on the later of the first day of a month at least 60 days after its adoption, or the first day of the month after which at least one other such city or county shall have adopted such an ordinance and the total population within the counties or cities having adopted such an ordinance comprises at least 50 percent of the total population of the counties and cities embraced within the Washington Metropolitan Area Transit Authority.
01/14/04 House: Presented & ordered printed, prefiled 01/14/04 041359500 pdf | impact statement
01/14/04 House: Presented & ordered printed, prefiled 01/14/04 041359500
01/14/04 House: Referred to Committee on Finance
01/20/04 House: Assigned to Finance sub-committee: 1
02/11/04 House: Passed by indefinitely in Finance (16-Y 4-N)