Establishes the Lauderdale County Economic Development Authority and allows the county commission to levy an additional sales and use tax.
The bill creates the Lauderdale County Economic Development Authority to aid current industries and retail establishments and coordinate efforts with municipal and county agencies. It also establishes the Lauderdale County Economic Development Authority Fund for lawful expenditures. The Lauderdale County Commission is authorized to levy an additional sales and use tax of up to three-quarters of one percent, with proceeds deposited in the fund. The authority is governed by a board of five members appointed by the county commission.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.