SB 598 - Dempsey, Tom
Modifies provisions related to tax increment financing so that school districts and library districts are reimbursed for tax revenue the districts would have received
Bill Details
Sponsor
LR Number
4735S.02I
Title
SB 598
House Handler
N/A
Journal Page
Effective Date
August 28, 2012
Committee
Current Status
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 598 - With regard to tax increment financing, this act requires that a school district or library district be reimbursed from the special allocation fund for tax revenue the district would have received. The provisions of this act only apply to tax increment financing projects approved on or after August 28, 2012.
EMILY KALMER