Soul of the City Business Improvement District Temporary Amendment Act of 2026 amends BID tax rates and exemptions.
The Soul of the City Business Improvement District Temporary Amendment Act of 2026 modifies the tax rates for properties within the Soul of the City Business Improvement District (BID). It sets the BID tax at $0.18 per $100 of the assessed value for Class 2 Properties, excluding hotels, and $120 per hotel or motel room annually. Properties with a unit abutting the owner's taxable property within the BID and providing supplement retail security are exempt from the BID tax for the following taxable year if the owner provides satisfactory proof.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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