Senate Bill 2055 Summary

• Allocates 9% of sales tax revenue collected from business activities outside municipalities in a county to be paid to that county, effective August 15, 2022 and each month thereafter.

• Sales tax revenue subject to this diversion excludes amounts collected under Sections 27-65-15, 27-65-19(3), 27-65-21, and 27-65-24.

• County payments under this provision are in addition to any other funds already allocated to counties under existing law.

• Amends Section 27-65-53 to allow counties to adjust erroneous disbursements or have overpayments withheld from future state distributions, consistent with existing municipality provisions.

• Takes effect July 1, 2022.