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 an eligible basic special district to use tax revenue under certain circumstances;
- provides a formula for the State Tax Commission to distribute local 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;
- clarifies provisions related to the resort communities tax and the additional resort communities tax;
- 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
Amended 2/27/2025 19:02:78: 59-12-103, 59-12-205, 59-12-401, 59-12-402, 63H-1-201
Substitute #1: 59-12-103, 59-12-205, 59-12-401, 59-12-402, 63H-1-201
Substitute #2: 59-12-103, 59-12-205, 59-12-401, 59-12-402, 63H-1-201
Enrolled: 59-12-103, 59-12-205, 59-12-401, 59-12-402, 63H-1-201
Substitute #3: 59-12-103, 59-12-205, 59-12-401, 59-12-402, 63H-1-201