Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 5124 allows municipalities to convert all or part of a local sales and use tax originally designated for sports and community venues into a tax for economic development purposes. The conversion must be approved by a majority of voters and is subject to certain procedural requirements, including notification to the state comptroller. The bill ensures that any outstanding bonds tied to the original tax are paid off before the conversion takes effect.
Author
Richard Raymond
Don McLaughlin
Contact the Author
Rep. Richard Raymond
Capitol Phone:
(512) 463-0558
Capitol Office:
CAP 1W.2
E-Mail:
