This bill pertains to Pike County and seeks to amend Sections 2, 8, and 9 of Act 2017-332, as previously amended by Act 2022-38, to further provide for sales and use taxes. The bill introduces changes to the definitions and uses of funds collected under the sales and use tax statutes applicable to Pike County. Notably, the term "costs" has been expanded to include not only acquiring, constructing, and equipping but also operating and maintaining the county jail and judicial complex. The term "expenses" has been added to refer to the acquisition, construction, operation, or maintenance of public safety, criminal justice, or emergency management facilities or activities. The bill also introduces the term "distributions," which refers to the approved dispensation of tax proceeds as provided in Section 9.

The bill outlines that all taxes collected will be remitted to Pike County and deposited into a segregated account within the Pike County General Fund to be used for costs, expenses, and distributions. The County Commission of Pike County may transfer the proceeds into special funds or accounts, provided they are used for the specified purposes. Additionally, the bill stipulates that the tax will expire on the first day of the next month following the payment in full of the costs of the county jail and judicial complex, or beginning October 1, 2030, whichever occurs sooner. After this date, taxes collected will be distributed monthly to the City of Troy and Pike County for their respective expenses. The distributions are subject to and subordinate to any indebtedness secured by a pledge of the tax proceeds. The act is set to become effective on October 1, 2024.