SB 80 - Bartle, Matt
Dedicates at least 10% of future TIF increments to schools affected by the TIF
Bill Details
Sponsor
LR Number
0119S.02I
Title
SB 80
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2005
Current Status
Hearing Conducted S Economic Development, Tourism & Local Government Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 80 - This act requires that future TIF projects dedicate at least 10% of the tax increment that would otherwise be used to fund the redevelopment project and at least 10% of all payments in lieu of taxes to any school within the boundary of the TIF area. Where more than one school is located within the TIF area, the 10% portion will be divided pro rata by the land area of the school districts contained within the TIF area.
Because this act amends a double-enacted section, the act also repeals one version of Section 99.845, RSMo.
The act is similar to SB 1056 (2004).
ANDY LYSKOWSKI