Introduced in the Senate on September 25, 2008, to revise the
2004 law that, to prevent reductions in desired state government spending, shifted forward to an earlier date the deadline for paying biannual county property tax payments, and required counties to use the extra revenue this generated to create a fund to replace state revenue sharing payments. The bill would reduce the amount counties are required to deposit in these “reserve funds” by the amount that local Tax Increment Financing Authorities (TIFAs) “capture” from county tax receipts
The vote was 38 in favor, 0 opposed and 0 not voting
(Senate Roll Call 617 at Senate Journal 85)
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