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Economic Vitality Committee Agenda and Packet 2023 02 17
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Economic Vitality Committee Agenda and Packet 2023 02 17
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2/23/2023 12:02:29 PM
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2/23/2023 11:44:06 AM
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City Council Records
Meeting Date
2/17/2023
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Boards Commissions Committees Records
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project Backgrount <br />• In 20201 Louisville voters passed ballot question 2A which applied a $.25 <br />tax on every paper and plastic bag provided to customers by Louisville <br />0 <br />0 <br />retailers. <br />Retailers retain $.10 of each tax and remit $.15 of each tax to the City on <br />a quarterly basis. <br />This tax went into effect on January 1, 2022. <br />Revenue Requirements <br />Per the ballot language, tax revenue shall be used to pay or reimburse the <br />City for: <br />• Direct and indirect costs related to tax administration <br />• Expenses related to sustainability-related initiatives and programs <br />Agenda Packet P. 45 <br />
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