Senate Committee Substitute

SCS/SB 774 - Under current law, a municipality desiring to approve a tax increment financing project, which has received a recommendation in opposition from the tax increment finance (TIF) commission, may do so only by a two-thirds majority vote of the governing body of such municipality. This act requires municipalities located in St. Charles, Jefferson, and St. Louis Counties that are desiring to override the decision of the TIF commission to do so with a three-quarter's vote of the governing bodies of such municipalities.


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