This bill amends existing laws regarding county sales and use taxes specifically for capital improvements. It allows counties to refer changes in the allocation or distribution of revenues from these taxes to voters. Additionally, it prohibits municipalities from pledging revenues from county sales and use taxes for the repayment of bonds. The bill also clarifies the process for counties to change the designated use of tax revenues, ensuring that any changes in allocation or distribution must be approved by voters.

Key amendments include the insertion of language that specifies the conditions under which municipalities and counties can pledge existing taxes and the procedures for voter approval of changes in revenue use. Notably, the bill emphasizes that if voters do not approve a proposed change in allocation or distribution, the existing tax structure remains unchanged. This legislation aims to provide greater flexibility for counties while safeguarding the financial commitments of municipalities.

Statutes affected:
Old version SB394 Original - 3-5-2025 03:37 PM: 14-164-337(a), 26-74-208(c), 26-74-214(c)
Old version SB394 V2 - 3-13-2025 02:33 PM: 14-164-337(a), 26-74-208(c), 03-13-2025, 26-74-214(c)
SB 394: 14-164-337(a), 26-74-208(c), 26-74-214(c)