The bill establishes a county sales and use tax specifically for Elmore County, set to begin on September 1, 2025. The Revenue Commissioner will calculate the tax rates based on a formula that considers existing state and county sales tax rates, with specific provisions for both incorporated and unincorporated areas of the county. The tax rates will be published by August 1, 2025, and the county commission will certify these rates through a resolution. Additionally, machinery and equipment subject to certain existing sales taxes will be exempt from this new tax.

The proceeds from the newly levied tax will be deposited into a newly created Enhance Elmore Fund, with 90% allocated for infrastructure and 10% for economic development. The county commission is required to produce an annual report detailing the fund's deposits and expenditures, and the Elmore County Firefighter's Association must report on any fund expenditures related to fire departments. The commission has the authority to withhold funds from fire departments that fail to comply with reporting requirements, reallocating those funds for public safety purposes. The act is set to take effect on June 1, 2025.

Statutes affected:
Introduced: 40-23-2
Enrolled: 40-23-2