- Introduced -

SB 950 - This act prohibits use of tax increment financing for redevelopment areas which are primarily retail enterprises, as defined by standard industrial classifications 52 through 59. Redevelopment projects may still be primarily retail enterprises if the redevelopment area is part of a federal enterprise zone, has residents who meet certain low income and high unemployment criteria, or has been underutilized property for at least three years.

RUSS HEMBREE