The proposed bill would amend current statutes related to the Model City Tax Code (MCTC) by introducing new notification requirements for municipalities. Specifically, it would require municipalities to notify all affected businesses by mail at least sixty days prior to the approval or rejection of any ordinance to adopt or repeal a model or local option in the MCTC. This notification process would not apply to ordinances that impose a use tax or establish a two-tiered tax rate for retail sales. Additionally, municipalities would be required to inform license applicants about any applicable MCTC models or local options.

The bill also updates existing provisions regarding the notice of intent for new or increased taxes or fees. It clarifies that technological issues do not prevent municipalities from proceeding with tax approvals despite potential communication failures. Furthermore, it mandates that municipalities provide notice of any MCTC model or local option that will apply to license applicants. Overall, these changes aim to enhance transparency and communication between municipalities and businesses regarding tax-related decisions.

Statutes affected:
Introduced Version: 9-499.15, 9-836, 42-6054, 48-572, 9-463.05, 9-839