Changes to Existing Law
HB1245 — Authorize municipalities to establish a local funding mechanism for capital improvement projects.
2 sections modified+966-0
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§ 10-52
New Section+511
NEW SECTION added to Chapter 10-52
In addition to any other tax imposed by a municipality under this chapter, a municipality may impose a gross receipts tax, subject to the provisions of sections 4, 5, 8, and of this Act. The rate of tax authorized by this section may not exceed one percent on the gross receipts of all sales of tangible personal property and services that are taxable pursuant to chapter 10-45 in the municipality. The tax must conform in all respects to the state tax under chapter 10-45, with the exception of the tax rate. 2
§ 9-12
New Section+455
NEW SECTION added to Chapter 9-12
A municipality shall appoint a capital improvement board for purposes of approving or rejecting ordinances pursuant to section of this Act. A capital improvement board consists of the following five members, appointed by the mayor of the municipality and approved by the governing body: (1) One member of the governing body of the municipality; and (2) Four residents of the municipality, excluding any member of the governing body of the municipality. 11