Standardizing notification provisions relating to local tax rate changes and shared taxes administered by the department.

HB 1126 standardizes and clarifies notification procedures for local governments and public facilities districts regarding changes to local sales and use tax rates. The bill requires these entities to provide written notice to the Department of Revenue within specific timelines, generally 75 days for most changes and 30 days for certain tax credits, with designated effective dates. It also specifies the documentation needed for these notifications, such as ordinances or, in the case of annexation, maps and parcel numbers. Additionally, the bill updates notification requirements for public facilities districts concerning the retirement of bonds funded by these taxes.