SB 557 - Currently, only community improvement districts (CID) created as a political subdivision in Greene County may use business license taxes as a funding source. This act allows any CID created as a political subdivision to use business license taxes as a funding source.
The act also provides that if a CID levies a business license tax, no business shall be issued a business license until the business license taxes due to the district are paid. If a business becomes more than sixty days delinquent on its business license taxes due to a CID, then its business license may be revoked after ten days notice.
This act is identical to HB 1076 (2014).