SB 1056 - Bartle, Matt
Dedicates 10% of future TIF increments to schools affected by the TIF
Bill Details
Sponsor
LR Number
3947S.01I
Title
SB 1056
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2004
Committee
Current Status
Hearing Conducted S Ways & Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1056 - This act requires that future tax increment financing (TIF) projects dedicate 10% of the tax increment that would otherwise be used to fund the redevelopment project 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.
JEFF CRAVER