HB2766 Summary

• Amends the Counties Code to distribute 1% of school facility occupation taxes to regional superintendents of schools to cover administrative and enforcement costs.

• Changes the distribution formula from depositing the full 2% administrative fee into the Tax Compliance and Administration Fund to splitting it: 1% to the Department of Revenue and 1% to regional superintendents.

• Maintains the existing school facility occupation tax structure allowing counties to impose up to 1% tax on retailers' and service occupation sales, subject to voter approval.

• Requires tax revenue to be used exclusively for school facility purposes including construction, improvements, bonds, fire prevention, safety, energy conservation, and accessibility projects.