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        February 3, 2004

Mr. Speaker:

    The Revenue and Taxation Committee reports a favorable recommendation on H.B. 239, SEXUALLY EXPLICIT BUSINESS AND ESCORT SERVICE TAX, by Representative D. Bourdeaux, with the following amendments:

1.    Page 3, Lines 79 through 80 :    

             79          (1) A tax is imposed on a sexually explicit business equal to 10% of amounts paid

  to       or

             80      charged by the sexually explicit business for the following transactions:

2.    Page 4, Lines 97 through 98 :    

             97          (b) is
[[   not   ]] subject to      [[   any   ]]        an agreement       sales      [[   or   ]]        and       use tax [collected or paid] under Chapter 12, Sales and

             98      Use Tax Act.

3.    Page 5, Lines 132 through 134 :    

             132          (b)
  (i)       The monies in the fund shall be invested by the state treasurer pursuant to Title 51,

             133      Chapter 7, State Money Management Act
[[   , except that   ]]        .      

    
  (ii)            [[   all   ]]        All       interest or other earnings derived

             134      from the fund monies shall be deposited in the fund.

    Respectfully,

    Wayne A. Harper
    Committee Chair

Voting: 9-5-0
3 HB0239.HC1.wpd 2/3/04 5:31 pm bhowe/BRH TCL/RCN

Bill Number
Action Class
Action Code

*HB0239*
*H*
*HCRAMD*

 HB0239
H
HCRAMD