SB3337 Summary

• Amends the Property Tax Code to establish the Special Service Area Tax Law, defining key terms including "Special Service Area," "service provider agency," and "special service area commission."

• Requires notice and public hearing before the first tax levy in a special service area, with notice including area boundaries, tax parcel numbers, nature of services, proposed tax amount, and maximum tax rate and duration.

• Prohibits special service area commission members from being executives, owners, or board members of selected service provider agencies, and prohibits businesses owned by commission members or municipal employees from contracting as subcontractors for the area.

• Requires at least one commission membership position be reserved for homestead property owners in special service areas containing homestead properties.

• Establishes limits on special service area operations, including prohibiting commissions from establishing loans or lines of credit, capping administrative fees at 30% of annual tax levy, requiring annual audits, and allowing use of excess funds for next fiscal year services.