Taxation; Greater Peace Community Corporation, exempt from sales and use tax

House Bill 350 would exempt the Greater Peace Community Development Corporation from paying state sales and use taxes. It also allows counties and municipalities to choose to exempt this entity from local sales and use taxes through an adopted resolution or ordinance. This means the corporation would no longer pay state sales and use taxes, and could potentially be exempt from local sales and use taxes if local governing bodies approve. The bill is set to become effective on September 1, 2025.