HCS HB 1529 & 1655 -- TAX INCREMENT FINANCING (Lembke, 85)

This substitute allows fire departments and emergency medical
services providers to collect 50% to 100% of their lost tax
revenue from the special allocation fund, instead of 25% to 100%
that is currently allowed.  The provisions of the substitute will
only apply to tax increment financing projects approved after
August 28, 2004.

FISCAL NOTE:  No impact on state funds in FY 2005, FY 2006, and
FY 2007.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am