| SB 1061 | Prevents TIF from applying to certain transportation taxes in Kansas City |
| Sponsor: | Callahan | |||
| LR Number: | 3778S.01I | Fiscal Note: | 3778-01 | |
| Committee: | Pensions and General Laws | |||
| Last Action: | 02/10/04 - Hearing Conducted S Pensions & General Laws Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | Emergency Clause | |||
SB 1061 - This act excludes from TIF (tax increment financing) any transportation sales tax passed in Kansas City. The act will prevent TIF from applying to the recently passed Kansas City ATA tax. This change will prevent revenue from the transportation sales tax from being used to fund the TIF revenue stream used to pay TIF bonds.
The act has an emergency clause.
JEFF CRAVER