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• Introduced by Rep. Marie Donigan (D) on May 13, 2008, to authorize local "transit revitalization investment zone” tax increment financing authorities (TIFAs), that could use “captured” tax revenues on street or building improvement projects related to development oriented to transit stations, with the intention of promoting transit ridership or passenger rail use. Tax increment financing "captures" the increment of extra local property tax revenue that would result from the property value growth which might be generated by certain improvement projects (or selective subsidies) that an authority undertakes (or grants).
  • Referred to the House Transportation Committee on May 13, 2008.
    • Reported in the House on June 12, 2008, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
  • Substitute offered in the House on November 13, 2008, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute failed in the House by voice vote on November 13, 2008.
  • Substitute offered by Rep. Marie Donigan (D) on November 13, 2008, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed in the House by voice vote on November 13, 2008.
  • Amendment offered by Rep. Richard Hammel (D) on November 13, 2008, to allow the county containing a transit authority zone to opt out of having its incremental tax revenue increases "captured" by the authority. The amendment passed in the House (61 to 38) on November 13, 2008. [Vote Details and Comments]
• Passed in the House (78 to 22) on November 13, 2008, to authorize local "transit revitalization investment zone” tax increment financing authorities (TIFAs), that could use “captured” tax revenues on street or building improvement projects related to development oriented to transit stations, with the intention of promoting transit ridership or passenger rail use. A county containing a transit authority zone could opt out of having its incremental tax revenue increases "captured" by the authority. [Vote Details and Comments]
• Received in the Senate on December 2, 2008.
  • Referred to the Senate Commerce & Tourism Committee on December 2, 2008.
    • Reported in the Senate on December 11, 2008, with the recommendation that the substitute (S-3) be adopted and that the bill then pass.