SB 805
Modifies provisions relating to tax increment financing
LR Number:
Last Action:
5/13/2016 - Informal Calendar S Bills for Perfection--SB 805-Onder, with SCS
Journal Page:
SCS SB 805
Calendar Position:
Effective Date:
August 28, 2016

Current Bill Summary

SCS/SB 805 - For TIF projects approved over a recommendation in opposition by the TIF commission in St. Charles, Jefferson, and St. Louis Counties, the economic activity taxes and payments in lieu of taxes can only be used to pay project costs for demolition of buildings and the clearing and grading of land.

This act also specifies that approval by a TIF Commission in St. Charles, Jefferson, and St. Louis Counties requires a majority of the commissioners voting to vote for approval. A tied vote will be considered a recommendation of opposition.

Under current law, county boards, upon voter approval, may levy a property tax for the purpose of establishing and maintaining county sheltered workshops, residences, facilities, and/or other related services. This act would prohibit the adoption of any tax increment financing from superseding, altering, or reducing the sheltered workshop levy.

This act is similar to HCS/HB 1434 & 1600 (2016), SS/SCS/SB 774 (2014), HB 1512 (2014), and HB 1518 (2014). This act is similar in concept to HB 1293 (2014).