SB 206 - Champion, Norma
Allows certain buildings in the City of Springfield to be eligible for tax increment financing
Bill Details
Sponsor
LR Number
0947S.03I
Title
SB 206
House Handler
N/A
Journal Page
Effective Date
August 28, 2005
Current Status
Removed S Consent Calendar
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 206 - The act exempts buildings meeting certain criteria contained in a one hundred year flood plain in Springfield. The building must have been or will be flood proofed as governed by the Federal Emergency Management Agencies (FEMA) standards. If the authority approves the building as being flood proofed by FEMA standards, the building shall be eligible for the state sales tax increment and the state income tax increment.
ANDY LYSKOWSKI