Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill would let public facilities districts extend state sales‑tax credit window to 65 years
Summary
House Bill 1109 would increase the maximum allowed duration for state‑shared sales tax credits used by public facilities districts (PFDs) to finance convention centers, theaters and event venues from a 40‑year cap to 65 years. PFD representatives and local officials told the House Finance Committee the change would
House Bill 1109 would extend the maximum period that a state‑shared sales tax credit may be levied by public facilities districts (PFDs) for financing construction or improvement of qualifying public facilities from a current statutory maximum of 40 years to 65 years.
Committee staff explained that PFDs are municipal corporations with independent taxing authority that may impose a local sales‑and‑use tax credit shared with the state to finance regional centers, theaters and certain event venues. Staff said two statutes authorize PFD sales‑tax credits (one authorizes a 0.33% rate for regional centers and another…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
