This bill makes it easier to create tax increment financing districts by lowering the blight requirement from 25% to just over half (50%) of the district's real property, or alternatively by showing that half the property will stimulate economic development. The bill also clarifies that municipalities must consent before a county can create one of these districts within city limits.
AI-generated summary
Login to unlock analytics
Taxation Tabled Passed, YEAS 4, NAYS 0. S.J. 17
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 142
Prime sponsor · Rep
R
Dist. SD-034
cosponsor · Rep
R
Dist. HD-006
Taxation — Tabled
Taxation — Tabled