S.0866

Municipal Tax Relief Act allows certain municipalities to impose a sales and use tax for property tax relief and project funding.

The Municipal Tax Relief Act allows municipalities in qualifying counties to impose a sales and use tax up to one percent, subject to a referendum. The tax must be used to provide property tax relief and fund specific projects. At least 20% of the tax revenue must be used for a credit against municipal ad valorem tax liability. The tax is imposed for a limited time, not exceeding eight years. The act outlines the process for conducting the referendum, collecting and distributing the tax revenue, and administering the tax.