Bill > SB33

This bill modifies how countywide retailers' sales tax revenue is distributed among counties and cities within them. Currently, and until January 1, 2028, half of this revenue is divided based on the total property taxes levied by each local government in the previous year. However, this bill changes the apportionment method for half of the revenue to take effect on January 1, 2028, where it will be distributed based on the total assessed valuations of property within the county and its cities, rather than property tax levies. The other half of the revenue distribution, which is based on population, remains unchanged. The bill also repeals the existing law it amends, meaning these new provisions will replace the old ones.