SB11 Summary

• Changes the tax rate for alcoholic beverages sold in community development districts from the rate applied to beer and wine to the rate applied to liquor in the largest municipality in the county where the district is established.

• Applies this tax rate change to multiple types of community development districts defined in Section 35-8B-1, including residential developments, social clubs, commercial districts, and resort properties.

• Makes nonsubstantive technical revisions to update existing code language to current style, including reformatting numbered lists and clarifying terminology throughout the statute.

• Becomes effective on the first day of the third month following passage and approval by the Governor or otherwise becoming law.