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2018 Bill(s)
SCS SB 859 Sponsor:Koenig, Andrew Status: S Perfection Description: Impose limits on tax increment finance projects that provide tax breaks for developers. Repeal some provisions allowing TIFs in non-blighted areas. Require an outside third party study be included in the finding that an area for a TIF actually is blighted. Repeal provisions for TIFs to be in areas with defective street layouts, obselete platting, or site improvements deterioration.
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Note: The descriptions of bills, amendments and roll-call votes are written by MDN journalists. MDN's database may not include committee assignments of bills made on the last day of the session since it is too late for the committee to act on the bill and, thus, the delayed assignment has no practical effect.