SB 681 Requires certain municipalities to receive prior county approval for Tax Increment Financing projects or create a certain form of Tax Increment Financing commission
Sponsor: Koster
LR Number: 2456S.02I Fiscal Note: 2456-02
Committee: Economic Development, Tourism & Local Government
Last Action: 3/28/2007 - Hearing Conducted S Economic Development, Tourism & Local Government Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary


SB 681 - This act requires municipalities, which are counties under the authority of the East-West Gateway Council of Governments and desire to implement a tax increment financing project, to create a commission in the same manner as a first class county with a charter form of government having a population greater than nine hundred thousand. Such commission shall have twelve members with two members appointed by the school boards, one member to represent all other taxing jurisdictions, three members appointed by the county, and six members appointed by the cities in the county with tax increment financing districts.

This act requires cities, towns and villages, under the authority of the East-West Gateway Council of Governments, to receive prior approval of the county in which such city, town or village is located in order to implement a tax increment financing project.

JASON ZAMKUS