SB 519 – Creates a separate $4 million cap for state supplemental tax increment financing projects in St. Louis City associated with geospatial-intelligence facilities

• Sponsor: Richard
• LR Number: 2295S.02I
• Committee: Jobs, Economic Development and Local Government
• Last Action: 3/10/2015 - Second Read and Referred S Jobs, Economic Development and Local Government Committee
• Journal Page: S531
• Effective Date: August 28, 2015

Current Bill Summary

SB 519 - Currently, there is a $32 million annual limit for disbursements from the state supplemental tax increment financing fund. This act creates a separate limit of $4 million for projects in blighted areas of the City of St. Louis which border a former public housing site and which redevelopment may lead to the retention or expansion of over 2,000 geospatial-intelligence jobs.

MIKE HAMMANN