This bill deals with the Military Installation Development Authority and the distribution of certain sales tax revenues related to certain authorities and zones.
This bill:
- defines terms;
- authorizes a basic special district to use certain revenue the basic special district receives from the State Tax Commission under certain circumstances;
- provides a formula for the State Tax Commission to distribute revenue from the sale of construction materials within a qualified development zone;
- provides for the distribution of tax revenue generated by a Schedule J sale;
- provides that the Military Installation Development Authority (authority) may act as the lead agency for any environmental review required by law related to the development of a project area;
- provides that the authority may enter into an agreement with the state or an agency of the state, including an agreement to use revenue generated from a project area outside the project area, if the project area is on land owned by the state or the state armory board;
- states that a public infrastructure district created by the authority may be a subsidiary of the authority; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 59-12-103, 59-12-205, 63H-1-201