| SB 479 |
Allows certain contributions to downtown revitalization preservation development projects to be substituted on a dollar-for-dollar basis for the local match of payments in lieu of taxes and economic activity taxes |
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| LR Number: |
2173S.01I |
Fiscal Note: |
2173-01 |
| Committee: |
Jobs, Economic Development and Local Government |
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| Last Action: |
3/25/2009 - Hearing Conducted S Jobs, Economic Development and Local Government Committee |
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| Effective Date: |
August 28, 2009 |
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Current Bill Summary
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SB 479 - This act allows contributions to a downtown revitalization preservation development project from any private not-for-profit organization or local contributions from tax abatement or other sources to be substituted on a dollar-for-dollar basis for the local match of 100% of payments in lieu of taxes and economic activity taxes from the development's fund. This act is identical to House Bill 746 (2009). JASON ZAMKUS
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