This bill modifies local sales and use tax provisions.
This bill:
- defines terms;
- allows certain municipalities to impose a local option sales and use tax for purposes of funding infrastructure improvements for the municipality's local law enforcement agency;
- requires a municipality's legislative body to hold a public hearing before approving the tax;
- requires a municipality to deposit tax revenue into a special revenue fund that is separate from the municipality's general fund;
- provides for the reauthorization of a tax at the end of the levy period;
- addresses the administration and collection of the tax;
- allows the State Tax Commission to retain an administrative charge from collected tax revenue; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 59-12-102