Amends existing law to revise the sales tax revenue distribution formula to counties and cities.

The purpose of this legislation is to correct the inequities that exist with regards to how much each city and county receives from the sales tax distribution formula. The current formula for determining how much each city and county is partially based on the antiquated system of historical calculations based on the now non-existent personal property tax assessed to every Idaho citizen which included among other things, the number of pigs, chickens, cows, silverware and other personal items. The current system creates additional inequities because it relies on property values. This has created a situation where some cities and counties receive ten times the amount than other cities and counties receive when compared to how much they would receive if calculated based solely on population. This legislation freezes the current distribution to cities and counties and distributes new revenue based on population. Ifthestatecollectsmorerevenuethanthepreviousyear, theexcessfundsaredistributedtocities and counties that receive less than their respective counterparts based on per capita calculation.