HB 701 (Fischer) and SB 1174 (Hutson) reform the communications services tax (CST) to clarify that certain streaming services are subject to the tax and create uniform rates. The bills reduce the local CST rate to 5% or less by January 1, 2021, and 4% or less by January 1, 2022. The bills also reduce the state CST rate from 4.92% to 4.9% and the noncharter county CST rate to 2% by January 1, 2022. The bills repeal the local option sales surtax conversion that is levied on communications services. The Revenue Estimating Conference has partially determined the fiscal impact of this bill. It is estimated to negatively impact local government revenues by $190 million each year. (Hughes)