HB 1083 -- Tax Increment Financing Projects

Sponsor:  Funderburk

This bill requires municipalities that wish to implement a tax
increment financing project within the boundaries of another
taxing district to first obtain permission from the governing
body of each sales taxing entity.  This permission must be in the
form of an order or ordinance supporting the diversion of the
entity's taxes.  Failure to obtain permission will prevent the
municipality that is implementing the project from receiving
economic activity taxes from the other sales taxing entities.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am