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MO SB442
Bill
Status
2/12/2015
Primary Sponsor
Kurt Schaefer
Click for details
AI Summary
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Expands tax increment financing (TIF) commission requirements to include first classification counties with populations between 150,000 and 200,000 inhabitants (targeting Boone County)
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Municipalities in newly covered counties must create a 12-member TIF commission before approving redevelopment areas, plans, or projects
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Commission composition includes 6 members appointed by the county executive/presiding commissioner, 3 by cities with TIF districts, 2 by school boards, and 1 representing other ad valorem taxing districts
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Amends Section 99.820, RSMo, which governs municipal powers related to redevelopment plans, property acquisition, and special allocation fund disbursements
Legislative Description
Modifies the composition of tax increment financing commissions in Boone County
Last Action
S Informal Calendar S Bills for Perfection--SB 442-Schaefer
5/15/2015