HB 572 Summary

• Pike County Commission may levy an additional sales and use tax of up to 1.5% outside Troy city limits and 0.5% within Troy city limits upon majority vote.

• Tax applies to sales, use, storage, consumption, and gross receipts, with exemptions matching state sales and use tax exemptions.

• All tax revenues collected shall be deposited in the Pike County General Fund exclusively for construction, financing, and equipping a new county jail or jail complex.

• Tax is collected using the same methods and procedures as existing state and local sales and use taxes, with Pike County responsible for enforcement and collection.

• Tax automatically expires on the first day of the month following full payment of all costs related to jail construction, equipping, and retirement of any related financing and indebtedness.