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. Specifically, the bill allows for the tax to be imposed indefinitely, contingent upon voter approval, for ordinances that are approved on or after July 1, 2025. The governing body must still enact an ordinance and dedicate the revenue generated from this tax solely for the operation of the respective water and sanitation district.

Additionally, the bill stipulates that if a majority of voters approve the ordinance imposing the tax, 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 provisions of this act will take effect on July 1, 2025, and apply to any ordinances approved by voters after that date.

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