Adding Flexibility to the Sunset Provision of Local Sales Taxes

S.683 (and companion bill H.5078) amends the sunset provision in current state law for locally-imposed sales taxes. Under current law, a locally-imposed sales tax must not last longer than eight years. If it is renewed, it must not last longer than seven years and must end in an odd-numbered year.

This bill would remove the requirement that the renewed tax end in an odd-numbered year, allowing local government more flexibility about when the tax should end as long as it does not exceed seven years from the renewal.

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Category: Legislation, Tax Reform · Tags: