SB 114 Allows school and library districts to be reimbursed for 50% of their tax increment under a TIF plan
Sponsor: Kraus
LR Number: 0150S.04I Fiscal Notes
Committee: Jobs, Economic Development and Local Government
Last Action: 3/4/2015 - Hearing Conducted S Jobs, Economic Development and Local Government Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2015

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Current Bill Summary

SB 114 - For tax increment financing projects approved after August 28, 2015, school districts and library districts shall be entitled to a 50% reimbursement of their tax increments.

This act is similar to a provision in SB 213 (2013).