Cities are prohibited from using sale tax revenue to provide financial assistance to a business if doing so reduces the amount of sales tax revenue another city receives.
I. Summary Starting January 1, 2016, Senate Bill 533 (“SB 533”) prohibits cities from entering into agreements with businesses that involve the city making payments or rebates of Bradly-Burns Uniform Local Sales and Use Tax (“sales tax”) revenues to the business when doing so would result in the reduction of sales tax revenue received by […]