The bill amends Sections 2, 8, and 9 of Act 2017-332, as previously modified by Act 2022-38, to enhance the provisions regarding sales and use taxes in Pike County. Key changes include the clarification of terms such as "COSTS," which now encompasses all expenses related to the acquisition, construction, operation, and maintenance of the county jail and judicial complex. The definition of "DISTRIBUTIONS" has been added to specify how tax proceeds will be allocated, while "EXPENSES" has been redefined to include costs associated with public safety and emergency management facilities. Additionally, the language has been updated to reflect that the tax will not expire until the costs of the county jail and judicial complex are fully paid or by October 1, 2030, whichever comes first.

Furthermore, the bill stipulates that all taxes collected will be deposited into a segregated account within the Pike County General Fund, designated for expenses and distributions as outlined in Section 9. The County Commission is authorized to transfer these proceeds into special funds, ensuring they are used for the specified purposes. The distribution of collected taxes will be divided between the City of Troy and Pike County, with funds collected within the city limits allocated for city expenses and those collected outside for county expenses. The act is set to take effect on October 1, 2024.