| HB 0397 | Relating to Tax Increment Financing |
| Sponsor: | EDWARDS | Handling House Bill: | |
| Committee: | COMC | LR Number: | L0294.02I |
| Last Action: | 01/31/95 - Referred H Commerce Committee | ||
| Title: | |||
| Effective Date: | |||
HB0397 Edwards, Marilyn A.
P R E F I L E D
HB 397 -- Tax Increment Financing
Current tax increment financing law authorizes redevelopment plans in certain blighted, conservation, or economic development areas by which real property taxes are redirected for improvements and redevelopment projects in the area. This bill defines "Emergency Service Tax Districts" as tax-supported political divisions providing some type of emergency assistance, such as fire protection, in the redevelopment area, and excludes these emergency service districts from any redirection of or change in their tax levies as a result of a redevelopment plan.