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HB 514 - This act adds former automobile manufacturing plants in St. Louis County to the types of redevelopment areas that may qualify for state supplemental tax increment financing. This new type of redevelopment area will not be included in the current $32 million annual cap for state supplemental TIF and will have a separate cap of $4 million per year. This act is identical to SB 401 (2015). MIKE HAMMANN SA #1 - ADDS FORMER INSURANCE COMPANY NATIONAL SERVICE CENTERS TO THE AREAS THAT QUALIFY FOR STATE TIF; CREATES A SEPARATE $12 MILLION CAP ON STATE TIF FOR GEOSPATIAL JOB RETENTION SITES; AUTHORIZES THE STATE AND ST. LOUIS CITY TO ENTER INTO A FINANCING AGREEMENT TO RETAIN GEOSPATIAL JOBS.
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