The Type B Board or Type B Sales Tax Corporation is responsible for economic development through the funding of public improvements including, but not limited to, projects for the Public Library, Police and Fire Departments, parks, streets, drainage, and the maintenance and operating expenses for any project authorized by law.
How Type B Sales Tax Revenue Can Be Used
The Type B sales tax may be used for any project eligible under Type A rules and several other projects, including quality of life improvements. Type B corporations may pay for land, buildings, equipment, facilities, targeted infrastructure, and improvements for:
- professional and amateur sports and athletic facilities, tourism and entertainment facilities, convention facilities, and public parks;
- related store, restaurant, concession, parking, and transportation facilities;
- related store, restaurant, concession, parking, and transportation facilities;
- related street, water, and sewer facilities; and
- affordable housing
To promote and develop new and expanded business enterprises that create or retain primary jobs, a Type B EDC may fund:
- public safety facilities;
- recycling facilities;
- streets, roads, drainage, and related improvements;
- demolition of existing structures;
- general municipally owned improvements; and
- maintenance and operating costs associated with projects.
Type B EDCs also may seek voter approval to spend Type B Sales tax funds for a water supply, water conservation program or cleanup of contaminated property.
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