From official state and federal legislative records. Informational only, not legal advice.
Now law
This is now an official law, recorded in the state's law books.
The governor signed it. Nothing left to watch.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Fiscal Summary STATE GOVERNMENTREVENUEGeneral FundFY28-29 & Subsequent YearsForegone > $3,500,000 OTHER FISCAL IMPACT Local revenue loss avoidance exceeding $3,500,000 in FY28-29 and subsequent years. Bill Summary Present law requires any municipality with a courthouse square revitalization zone receiving allocations of state sales tax revenue as a result of the now-repealed Courthouse Square Revitalization Pilot Project Act of 2005 to stop receiving state sales tax revenue allocations on June 30, 2028. Six courthouse square revitalization projects are currently receiving allocations, which equal the amount of state tax revenue derived from sales or use of goods, products, and services within each revitalization zone. The amount distributed to the municipalities must be used exclusively for maintaining and improving the viability of the courthouse square. This bill removes the June 30, 2028, termination date in order to allow such allocations to continue. ON APRIL 22, 2026, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 388, AS AMENDED. AMENDMENT #1 extends to June 30, 2038, instead of indefinitely, the termination date that a municipality that continues to receive an allocation of state sales tax revenue pursuant to the now-repealed Courthouse Square Revitalization Pilot Project Act of 2005, may continue to receive the allocation of the revenue.