Sales and use tax, simplified sellers use tax (SSUT), recalculation of distributions based on annexations, deannexations, or incorporations, on fifth year after release of census commencing on January 1, 2026

SB 107 aims to adjust how Simplified Sellers Use Tax (SSUT) proceeds are distributed to municipalities. Currently, these distributions are based on population figures from the most recent federal census. This bill would allow municipalities to request a recalculation of their population for SSUT distribution purposes every fifth year after a federal census, commencing January 1, 2026. These recalculations would account for population changes due to annexations, deannexations, or new incorporations. Municipalities must submit specific certified documentation to the Department of Revenue to support these population adjustments.