Apr
08
We are pleased to announce that HB 1142 has officially cleared the legislature with bipartisan support. This is a significant milestone for our advocacy efforts and direct result of the engagement from members. The League is grateful to our sponsor, Chair Jheanelle Wilkins, for her steadfast leadership and dedication to seeing this priority legislation through to the finish line.
What HB 1142 Does
In short, this bill establishes the Task Force to Modernize County and Municipal Revenue Structures.
- The Goal: To evaluate and modernize the "fiscal toolbox" of local governments.
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The Focus: The task force will study current revenue sources, explore new options used in other states, and assess the impact of potential changes on the cost of living and overall affordability for residents.
Next Steps
The legislative journey is nearly complete, but there are a few procedural steps remaining:
- Governor’s Signature: The bill now heads to the Governor’s desk for a formal signature.
- Effective Date: Once signed, the Act is scheduled to take effect on July 1, 2026.
- Task Force Convening: The newly created body will formally convene shortly after the effective date to begin its study.
A final report of findings and recommendations is due to the General Assembly by December 1, 2026.
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