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Published on Friday, January 30, 2015

Reducing the frequency of local sales tax changes

On Monday, the Senate Ways & Means Committee will hear SB 5511, which would reduce the number of times per year local governments can change their sales tax rates. Currently, local governments may change their rate four times each year: January 1, April 1, July 1, and October 1. This bill would eliminate the option of changes on October 1. A similar bill was introduced in the 2013 legislative session, and AWC found local governments seldom make sales tax changes on October 1.

Categories: Budget & finance