SB 1063 - Current law provides that ambulance and fire protection districts are entitled to a reimbursement of between 50% and 100% of the amount of the district's tax increment deposited into the Special Allocation Fund of a tax increment financing district. This act provides that ambulance and fire protection districts located in cities of the fourth classification shall annually set such reimbursement rate prior to the time the assessment is paid into the Fund. If the redevelopment plan, area, or project is amended, the ambulance or fire protection district shall have the right to recalculate the reimbursement rate. (Section 99.848)
This act is identical to HB 1431 (2018), and is substantially similar to HB 2598 (2018) and to a provision contained in SS/SCS/HB 1355 (2018), CCS/HCS/SS/SB 870 (2018), SCS/SB 936 (2018), SS/SCS/SB 859 (2018), and HB 1919 (2018).