SB 557 Modifies provisions relating to community improvement districts utilizing business license taxes
Sponsor: Nasheed
LR Number: 4559S.01I Fiscal Note available
Committee: Jobs, Economic Development and Local Government
Last Action: 1/22/2014 - Hearing Conducted S Jobs, Economic Development and Local Government Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary


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).

MIKE HAMMANN