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Bill would direct gaming and internet sales taxes to reduce PERS unfunded liability
Summary
A bill that would dedicate excess charitable gaming revenues and streamlining/internet sales tax receipts to the state public employees retirement system (PERS) drew support from the gaming industry and county officials and questions about whether earmarking those general-fund dollars changes long-term budgeting.
Representative Jason Doctor, sponsor of House Bill 1234, told the Finance and Taxation Committee he wants to direct certain existing revenue streams toward paying down the state’s PERS unfunded liability.
"We still have close to $1,900,000,000 in liabilities that us taxpayers have to pay," Representative Jason Doctor said during the committee hearing. He described two revenue sources he would target: excess charitable gaming receipts and so-called streamline (internet) sales tax collections.
Doctor said gaming revenue that now flows to the general fund after administrative expenses produces roughly "between 35 and 40,000,000 of biennium" and…
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