| HB 1529 (Truly Agreed) | Requires a minimum reimbursement for emergency services in a tax increment financing district |
HCS/HBs 1529 & 1655 - With regard to tax increment
financing, this act allows fire departments and emergency medical
services providers to collect 50% to 100% of their lost tax
revenue from the special allocation fund, instead of 25% to 100%
that is currently allowed. The provisions of the act will only
apply to tax increment financing projects approved after August
28, 2004.
JEFF CRAVER