SB 479 – Allows certain contributions to downtown revitalization preservation development projects to be substituted on a dollar-for-dollar basis for the local match of payments in lieu of taxes and economic activity taxes

• Sponsor: Shoemyer
• LR Number: 2173S.01I
• Committee: Jobs, Economic Development and Local Government
• Last Action: 3/25/2009 - Hearing Conducted S Jobs, Economic Development and Local Government Committee
• Effective Date: August 28, 2009

Current Bill Summary

SB 479 - This act allows contributions to a downtown revitalization preservation development project from any private not-for-profit organization or local contributions from tax abatement or other sources to be substituted on a dollar-for-dollar basis for the local match of 100% of payments in lieu of taxes and economic activity taxes from the development's fund.

This act is identical to House Bill 746 (2009).

JASON ZAMKUS