67-4-2902 - Purpose of part.
67-4-2902. Purpose of part.
The purpose of this part is to authorize counties to levy a privilege tax on persons and entities engaged in the residential development of property, in order to provide a county with an additional source of funding to defray the cost of providing school facilities to meet the needs of the citizens of the county as a result of population growth.
[Acts 2006, ch. 953, § 1.]