SB 1056 – Modifies the method of how community improvement districts may impose sales taxes

• Sponsor: Griesheimer
• LR Number: 5170S.01T
• Committee: Economic Development, Tourism & Local Government
• Last Action: 6/9/2006 - Signed by Governor
• Effective Date: August 28, 2006
• House Handler: Sutherland

Current Bill Summary

SB 1056 - This act modifies the sales tax provision for community improvement districts. Under the current law, a community improvement district may, by resolution, impose a sales tax at a rate of 1/8, 1/4, 3/8, 1/2 of one percent. The act allows the sales tax to be imposed in increments of one-eighth of one percent, up to a maximum of one percent.

STEPHEN WITTE