HB553 Summary

• Authorizes the Bibb County Commission to levy an additional sales and use tax of up to 1 percent on sales, use, storage, consumption, or gross receipts in the county, subject to majority vote of commission members.

• Tax cannot become effective until the county retires and pays in full all indebtedness issued to finance public school facilities that was pledged under Resolution No. 07-06, and that prior tax levy has ceased and terminated.

• Requires 80 percent of net proceeds (after collection costs) to be distributed to the Bibb County Board of Education for acquisition, construction, maintenance, equipping, and operation of public school facilities.

• Requires the remaining 20 percent of net proceeds to be retained by the county and used only for road and bridge construction and maintenance and public safety purposes.

• Tax is collected using the same procedures as existing state and local sales and use taxes; failure to collect or absorb the tax is unlawful.