Extends Orange County's authority to impose an additional sales and compensating use tax rate.

This bill amends the tax law to extend Orange County's authority to impose an additional rate of sales and compensating use taxes. The additional tax rate is set at three-quarters of one percent, on top of the existing three percent rate. The bill specifies that the tax funds collected from this additional rate will be used solely for county purposes and will not be subject to any revenue distribution agreements. The extended authority is effective from June 1, 2024, to November 30, 2027.

Extends Orange County's authority to impose an additional sales and compensating use tax rate.

This bill amends the tax law to extend Orange County's authority to impose an additional rate of sales and compensating use taxes. The additional tax rate is set at three-quarters of one percent, on top of the existing three percent rate. The bill specifies that the tax funds collected from this additional rate will be used solely for county purposes and will not be subject to any revenue distribution agreements. The extended authority is effective from June 1, 2024, to November 30, 2027.