This bill amends the existing law regarding the imposition of the water and sanitation gross receipts tax by removing the previous six-year limitation on the tax's duration. The new legal language specifies that the tax can be imposed indefinitely, contingent upon voter approval, for ordinances that are approved on or after July 1, 2025. The bill also outlines the process for enacting the tax, including the requirement for a resolution from the board of directors of a water and sanitation district and the subsequent election to determine voter support.

Additionally, the bill stipulates that if the tax is approved by voters, it will become effective on either January 1 or July 1 following the election. If the proposal fails, a new request for the tax cannot be submitted for one year. The proceeds from the tax will be managed by the governing body and allocated to the appropriate water and sanitation district as outlined in the resolution from the district's board of directors. The provisions of this act will take effect on July 1, 2025.

Statutes affected:
introduced version: 7-20E-26