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Bill > SB1333


HI SB1333

Relating To Taxation.


summary

Introduced
01/23/2025
In Committee
02/13/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Authorizes the use of county surcharge revenues for transportation and housing infrastructure in counties having a population of 500,000 or less. Authorizes counties that have previously adopted a surcharge on state tax ordinance after July 1, 2015, to amend the uses of the surcharge. Extends the period within which a county with a population of 500,000 or less may collect a surcharge on state tax, under certain conditions, to 12/31/2047. Authorizes cost-sharing with private or other public developers for housing infrastructure projects funded by surcharge revenues. (SD1)

AI Summary

This bill extends and expands the county surcharge on state tax for counties with populations of 500,000 or less, providing more flexibility and longer-term funding for transportation and housing infrastructure. Specifically, the bill extends the period for collecting this surcharge from December 31, 2030, to December 31, 2047, and allows counties to use the surcharge revenues for both transportation and housing infrastructure projects. Counties can now cost-share infrastructure expenses with private or public developers, which could help reduce the financial burden on individual housing projects. The surcharge can be used for various transportation-related improvements like roadways, public transit, pedestrian and bicycle paths, and now includes broader housing infrastructure costs such as pedestrian paths, water and drainage systems, and electrical and communication system improvements. The legislation aims to provide counties with a more reliable revenue source for long-term capital improvements and address infrastructure challenges that impact housing development and affordability. Counties that have previously adopted a surcharge ordinance are allowed to amend their ordinances to expand the use of these revenues, with a deadline of December 31, 2026, for making such amendments.

Committee Categories

Budget and Finance, Government Affairs, Housing and Urban Affairs

Sponsors (1)

Last Action

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (on 02/13/2025)

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