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.
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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
Tabled
Tabled