SB598 - Modifies provisions related to tax increment financing so that school districts and library districts are reimbursed for tax revenue the districts would have received

SB 598

Modifies provisions related to tax increment financing so that school districts and library districts are reimbursed for tax revenue the districts would have received

Sponsor:	Dempsey
LR Number:	4735S.02I	Fiscal Note not available
Committee:	Ways and Means and Fiscal Oversight
Last Action:	1/26/2012 - Second Read and Referred S Ways and Means and Fiscal Oversight Committee	Journal Page:	S160
Title:		Calendar Position:
Effective Date:	August 28, 2012

List of 2012 Senate Bills

Current Bill Summary

SB 598 - With regard to tax increment financing, this act requires that a school district or library district be reimbursed from the special allocation fund for tax revenue the district would have received. The provisions of this act only apply to tax increment financing projects approved on or after August 28, 2012.

EMILY KALMER