Introduced
by
To revise many details and definitions in a law that authorizes local tax increment finance schemes for authorities that grant cash and loan intended to clean up abandoned industrial sites when the program was authorized in the 1990s, but for some time have frequently also included standard “economic development” subsidies to developers. The effect of this and related bills would expand the types of properties and activities that are eligible for these subsidies.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Natural Resources
Reported without amendment
With the recommendation that the amendments be adopted and that the bill then pass.
Amendment offered
To require brownfield authorities to repay not just the portion of the state school tax that they capture, but also any "specific" taxes that are levied in lieu of property taxes in other types of government financing schemes.
The amendment failed by voice vote
Amendment offered
by
The amendment passed by voice vote
Amendment offered
by
To limit the use of captured school taxes for a particular brownfield authority activity.
The amendment failed by voice vote
Passed in the House 106 to 2 (details)
To revise many details and definitions in a law that authorizes local tax increment finance schemes for authorities that grant cash and loan intended to clean up abandoned industrial sites when the program was authorized in the 1990s, but for some time have frequently also included standard “economic development” subsidies to developers. The effect of this and related bills would expand the types of properties and activities that are eligible for these subsidies.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
