2018 House Bill 5900

Exempt ISDs from brownfield authority tax "capture"

Introduced in the House

May 1, 2018

Introduced by Rep. Mary Whiteford (R-80)

To exempt property taxes levied by an intermediate school district from being “captured” by a brownfields tax increment finance authority for various direct and indirect subsidies for businesses and developers. A TIFA "captures" the “increment” of extra local property tax revenue that supposedly will result from spending borrowed money on various subsidies and projects.

Referred to the Committee on Tax Policy