|
SB 213 - Currently, no redevelopment project can be authorized more than ten years after the redevelopment plan has been adopted. This act requires a municipality to adopt a new redevelopment plan before such a redevelopment project can be authorized. For tax increment financing projects approved after August 28, 2013, taxing districts shall be entitled to a 20% reimbursement of their tax increments. This act allows taxing districts, by a vote of their elected board, to opt out of tax increment payments for development projects authorized by rural economic stimulus authorities. MIKE HAMMANN
|
