|
HCS/HBs 1434 & 1600 - For tax increment financing (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 cannot exceed the redevelopment 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. TIF commissions must retain certain records and make these records available to the public. This act is similar to SCS/SB 805 (2016), SS/SCS/SB 774 (2014) and similar to HB 1512 (2014) and HB 1518 (2014). This act is similar in concept to HB 1293 (2014). DOMENIC SITA
|
