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 "COUNTY JAIL AND JUDICIAL COMPLEX" has been expanded to include facilities for E-911 dispatch and emergency management operations. Additionally, the term "EXPENSES" has been introduced to refer to costs associated with public safety and emergency management facilities.

Furthermore, the bill outlines the distribution of tax proceeds collected under this subpart. It specifies that after the costs of the county jail and judicial complex are fully paid or by October 1, 2030, whichever comes first, the collected taxes will be allocated monthly to the City of Troy for its expenses and to Pike County for its expenses, depending on whether the funds were collected within or outside the city limits. The bill also establishes that these distributions will be subordinate to any existing indebtedness secured by a pledge of the tax proceeds. The act is set to take effect on October 1, 2024.