HB3492 HFA Anders 3-26 #1

Casto 3264

Delegate Anders moved to amend the bill on page 1 section 9, immediately following the enacting clause, by striking the remainder of the bill in its entirety and inserting in lieu thereof the following:

ARTICLE 38. MUNICIPAL ECONOMIC OPPORTUNITY DEVELOPMENT DISTRICTS.

§8-38-9. No Authorization to levy special district excise tax

The purpose of this section is to ensure economic development occurs through voluntary market activity, not government-imposed financial burdens. Notwithstanding any other provision of this Code to the contrary, no excise tax may be levied, assessed, or collected within any municipal economic opportunity development district established under this code. Any authorization of such taxes under existing law is hereby null and void within the jurisdiction of this article. This prohibition shall include, but is not limited to, excise taxes on the sale of goods, services, food, beverages, lodging, fuel, telecommunications, or any other transaction or activity.

Adopted

Rejected