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MO SB598
Bill
AI Summary
- Adds section 99.849 to Missouri Revised Statutes relating to tax increment financing in Chapter 99
- Entitles school districts and library districts to reimbursement from the special allocation fund for payments in lieu of taxes attributable to revenues they would have received without municipal tax increment financing adoption
- Applies only to tax increment financing projects or districts approved on or after August 28, 2012
- Does not apply retroactively to tax increment financing projects or districts approved prior to August 28, 2012
Legislative Description
Modifies provisions related to tax increment financing so that school districts and library districts are reimbursed for tax revenue the districts would have received
Last Action
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
1/26/2012
Committee Referrals
Ways And Means And Fiscal Oversight1/26/2012
Full Bill Text
No bill text available