SB0104: Residential tax increment financing.
Legislative Summary
Residential tax increment financing. Provides, in the case of an allocation provision adopted after June 30, 2025, for a residential housing development program, that the redevelopment commission (commission) shall annually transfer at least 5% of the aggregate allocated tax proceeds from the allocation area to the unit that established the commission. Specifies that the unit must use the revenue for police and fire services that serve the allocation area.
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Bill History
Amendments
Senate Amendment #2
Senate Amendment #2
Senate Amendment #1
Senate Amendment #1
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
