Provides for publication of the state sales and use tax exemption in rules promulgated by the executive director of the department of revenue and in such notices and publications as are customarily issued by the department concerning such exemptions. Requires the state controller to certify the amount of state revenues in excess of the constitutional limitation on state fiscal year spending for any given fiscal year by a specified date.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate material to be deleted from existing statute. Page 2 conduct an audit of the certified amount of excess state revenues by a specified date. The general 7 assembly recognizes that senator Grampsas was the prime sponsor of 8 similar legislation in 1997 while serving as a member of the house of 9 representatives. Therefore, it is the intent of the general assembly 15 that this act be a living testament to the public vision and spirit exhibited 16 by senator Grampsas during his distinguished public career. Annual financial report.