Bill Text: OH HB17 | 2013-2014 | 130th General Assembly | Introduced

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Bill Title: To require that, for fiscal year 2014 and each fiscal year thereafter, the Local Government Fund must receive the same proportion of state tax revenue that the Fund received in fiscal year 2005.

Spectrum: Partisan Bill (Democrat 12-0)

Status: (Introduced - Dead) 2013-01-30 - To Finance and Appropriations [HB17 Detail]

Download: Ohio-2013-HB17-Introduced.html

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As Introduced

130th General Assembly Regular Session 2013-2014

H. B. No. 17

Representatives Cera, Gerberry 

Cosponsors: Representatives Rogers, Ramos, Foley, Hagan, R., Driehaus, Antonio, Reece, Phillips, Pillich, Patterson 

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A BILL

To amend section 131.51 of the Revised Code to

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require that, for fiscal year 2014 and each fiscal

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year thereafter, the Local Government Fund must

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receive the same proportion of state tax revenue

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that the Fund received in fiscal year 2005.

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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section 1.  That section 131.51 of the Revised Code be	6
amended to read as follows:	7

Sec. 131.51.  (A) On or before July 5, 2013, the tax	8
commissioner shall compute the following amounts and certify those	9
amounts to the director of budget and management:	10

(1) A percentage calculated by multiplying one hundred by the	11
quotient obtained by dividing the total amount credited to the	12
local government fund in fiscal year 20132005 by the total amount	13
of tax revenue credited to the general revenue fund in fiscal year	14
20132005. The percentage shall be rounded to the nearest	15
one-hundredth of one per cent.	16

(2) A percentage calculated by multiplying one hundred by the	17
quotient obtained by dividing the total amount credited to the	18
public library fund in fiscal year 2013 by the total amount of tax	19
revenue credited to the general revenue fund in fiscal year 2013.	20
The percentage shall be rounded to the nearest one-hundredth of	21
one per cent.	22

(B) On or before the seventh day of each month, the director	23
of budget and management shall credit to the local government fund	24
an amount equal to the product obtained by multiplying the	25
percentage calculated under division (A)(1) of this section by the	26
total tax revenue credited to the general revenue fund during the	27
preceding month. Money shall be distributed from the local	28
government fund as required under section 5747.50 of the Revised	29
Code during the same month in which it is credited to the fund.	30

(C) On or before the seventh day of each month, the director	31
of budget and management shall credit to the public library fund	32
an amount equal to the product obtained by multiplying the	33
percentage calculated under division (A)(2) of this section by the	34
total tax revenue credited to the general revenue fund during the	35
preceding month. Money shall be distributed from the public	36
library fund as required under section 5747.47 of the Revised Code	37
during the same month in which it is credited to the fund.	38

(D) The director of budget and management shall develop a	39
schedule identifying the specific tax revenue sources to be used	40
to make the monthly transfers required under divisions (B) and (C)	41
of this section. The director may, from time to time, revise the	42
schedule as the director considers necessary.	43

Section 2.  That existing section 131.51 of the Revised Code	44
is hereby repealed.	45

Section 3. The amendment by this act of section 131.51 of the	46
Revised Code takes effect on June 1, 2013. If this act does not	47
take effect at least 90 days before July 5, 2013, the Tax	48
Commissioner shall make the computation required by division	49
(A)(1) of that section as soon as possible after July 5, 2013,	50
notwithstanding that division to the contrary, and the Director of	51
Budget and Management shall make the credit, and the Tax	52
Commissioner shall make the distribution, required under division	53
(B) of that section as soon as possible thereafter.	54