Checkmark
Legislation watch
Senate Roll Call 628 on
2013 House Bill 4327: Allow "tax increment finance" scheme reset to make up for property value declines

To allow “corridor improvement authorities” to “reset” their tax increment financing schemes (TIF) to reflect declining property assessments, which undermine their ability to divert property tax revenue from local governments and other taxing units to pay for the authority’s debt-funded spending projects and subsidies. A TIF "captures" the extra local property tax revenue that supposedly will result from these projects; this revenue is then used to repay money borrowed to fund that spending. The bill allows these authorities to change the base year from which future tax revenue increases ("increments") are measured.

View the rest of House Bill 4327: History, Amendments & Comments 

facebook  twitter  View comments  Print-friendly version


IN FAVOR

SENATE DEMOCRATS

SENATE REPUBLICANS


AGAINST

SENATE DEMOCRATS
none

SENATE REPUBLICANS


SENATE LEGISLATORS ORDERED BY NAME


Senate Roll Call 628 on 2013 House Bill 4327