Relating to the creation of industrial development districts in certain counties; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.
What changed between versions
Added 'Advanced Nuclear Reactors' as an eligible project type and clarified that 'Project' includes expenditures for infrastructure necessary to promote business enterprises.
Added specific requirements for sales and use tax elections, including provisions for rate changes, combined tax rates with other political subdivisions, and tax abolition procedures.
Changed the effective date provision to allow for immediate effect if a two-thirds vote is received, otherwise setting September 1, 2025 as the effective date.
Added provisions clarifying that district projects and services are governmental functions for purposes of tort claims and competitive bidding requirements.
Added provisions allowing districts to be included in tax increment reinvestment zones and tax abatement reinvestment zones.