SB114 - Allows school and library districts to be reimbursed for 50% of their tax increment under a TIF plan

SB 114

Allows school and library districts to be reimbursed for 50% of their tax increment under a TIF plan

Sponsor:	Kraus
LR Number:	0150S.04I	Fiscal Notes
Committee:	Jobs, Economic Development and Local Government
Last Action:	3/4/2015 - Hearing Conducted S Jobs, Economic Development and Local Government Committee	Journal Page:

Title:		Calendar Position:
Effective Date:	August 28, 2015

List of 2015 Senate Bills

Current Bill Summary

SB 114 - For tax increment financing projects approved after August 28, 2015, school districts and library districts shall be entitled to a 50% reimbursement of their tax increments.

This act is similar to a provision in SB 213 (2013).

MIKE HAMMANN