HB1778 proposes to share 20% of state sales tax revenues with local governments without raising sales tax rates.

HB1778 mandates the state treasurer to transfer 20% of monthly sales tax revenues to a local sales and use tax account. This account will then distribute the funds to local taxing districts imposing a sales and use tax. The bill ensures this redistribution of state sales tax revenues to local governments without increasing the state or local sales tax rates. The provisions take effect on January 1, 2026.

HB1778 proposes to share 20% of state sales tax revenues with local governments without raising sales tax rates.

HB1778 mandates the state treasurer to transfer 20% of monthly sales tax revenues to a local sales and use tax account. This account will then distribute the funds to local taxing districts imposing a sales and use tax. The bill ensures this redistribution of state sales tax revenues to local governments without increasing the state or local sales tax rates. The provisions take effect on January 1, 2026.