SB 206
Allows certain buildings in the City of Springfield to be eligible for tax increment financing
Sponsor:
LR Number:
0947S.03I
Last Action:
2/17/2005 - Removed S Consent Calendar
Journal Page:
S247
Title:
Calendar Position:
Effective Date:
August 28, 2005

Current Bill Summary

SB 206 - The act exempts buildings meeting certain criteria contained in a one hundred year flood plain in Springfield. The building must have been or will be flood proofed as governed by the Federal Emergency Management Agencies (FEMA) standards. If the authority approves the building as being flood proofed by FEMA standards, the building shall be eligible for the state sales tax increment and the state income tax increment.

ANDY LYSKOWSKI

Amendments