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SCS/SB 859 - This act modifies local tax increment financing projects by providing that a study shall be conducted by a third party other than the municipality and developer which details how the area meets the definition of an area eligible to receive tax increment financing. This act modifies the definition of "blighted area". This act also provides that retail areas, as defined in the act, shall not receive tax increment financing unless such financing is for infrastructure projects, as defined in the act, or unless such area is a blighted area. This act prohibits new projects from being authorized in any Greenfield area. JOSHUA NORBERG
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