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SB 80 - This act requires that future TIF projects dedicate at least 10% of the tax increment that would otherwise be used to fund the redevelopment project and at least 10% of all payments in lieu of taxes to any school within the boundary of the TIF area. Where more than one school is located within the TIF area, the 10% portion will be divided pro rata by the land area of the school districts contained within the TIF area. Because this act amends a double-enacted section, the act also repeals one version of Section 99.845, RSMo. The act is similar to SB 1056 (2004). ANDY LYSKOWSKI
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