modify provisions relating to the reinvestment payment program, and relating to the purchasing of goods and services used by projects approved for the reinvestment payment program.

Summary

The bill adds detailed filing requirements for the affidavit that project owners must submit to receive a reinvestment payment, sets a six‑month filing deadline, and imposes penalties for late or false filings. It also creates a fund to hold sales and use taxes collected from these projects and exempts the gross receipts of approved projects from taxes in chapters 10‑45 and 10‑46. These changes aim to improve oversight of the reinvestment program and provide tax relief to participating projects.

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