SB5315 standardizes notification provisions for local tax rate changes and shared taxes administered by the Department of Revenue.

SB5315 amends the notification requirements for local sales and use tax changes, stipulating that such changes must be communicated to the Department of Revenue in writing. The bill also sets forth specific conditions under which public facilities districts can impose sales and use taxes, including population thresholds and construction timelines. Additionally, it outlines the permissible tax rates for these districts, with a cap of 0.037 percent for certain districts and 0.033 percent for others.

SB5315 standardizes notification provisions for local tax rate changes and shared taxes administered by the Department of Revenue.

SB5315 amends the notification requirements for local sales and use tax changes, stipulating that such changes must be communicated to the Department of Revenue in writing. The bill also sets forth specific conditions under which public facilities districts can impose sales and use taxes, including population thresholds and construction timelines. Additionally, it outlines the permissible tax rates for these districts, with a cap of 0.037 percent for certain districts and 0.033 percent for others.