SB401 - Authorizes sites containing former automobile manufacturing plants in St. Louis County to qualify for state supplemental tax increment financing

SB 401

Authorizes sites containing former automobile manufacturing plants in St. Louis County to qualify for state supplemental tax increment financing

Sponsor:

Schmitt

Co-Sponsor(s)

LR Number:

1391S.01P

Committee:

Jobs, Economic Development and Local Government

Last Action:

4/28/2015 - Referred H Select Committee on Commerce (Pursuant to H Rule 27.4)

Journal Page:

H2106

Title:

Calendar Position:

Effective Date:

August 28, 2015

Current Bill Summary

SB 401 - This act adds former automobile manufacturing plants in St. Louis County to the types of redevelopment areas that may qualify for state supplemental tax increment financing. This new type of redevelopment area will not be included in the current $32 million annual cap for state supplemental TIF and will have a separate cap of $4 million per year.

This act is identical to HB 514 (2015).

MIKE HAMMANN

Amendments