| SB 0707 | Changes procedures used by tax increment finance commissions |
| Sponsor: | Flotron | |||
| LR Number: | S2398.04T | Fiscal Note: | 2398-04 | |
| Committee: | Local Government and Economic Development | |||
| Last Action: | 04/20/98 - Signed by Governor (w/EC) | Journal page: | S685 | |
| Title: | SCS SBs 707 & 484 | |||
| Effective Date: | Emergency Clause | |||
SCS/SB 707 & 484 - This act allows three members of tax increment financing commissions in municipalities located in St. Louis County to be appointed by the County Executive, with the consent of the County Council, and corrects a technical error in Section 99.845, RSMo.
Current law excludes the blind pension fund tax and the merchant's and manufacturer's inventory replacement tax as levies subject to tax increment financing projects except in redevelopment project areas where plans have been approved after April 1, 1990, and before January 1, 1998. This act specifies that such levies are included for plans approved after August 13, 1982, and before January 1, 1998.
The act has an emergency clause.
RUSS HEMBREE