SB1056 - Modifies the method of how community improvement districts may impose sales taxes

SB 1056

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

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

List of 2006 Senate Bills

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