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House Roll Call 18 on
2015 Senate Bill 539: Expand “promise zone” tax increment financing authorities

To impose additional reporting requirements on “promise zone” tax increment financing authorities located in low income and “low educational attainment” areas, and provide a means for dissolving them. These entities were authorized by a 2008 law to “capture" a portion of any increases in the state portion of school property tax revenue in the area, and use the money to partially subsidize college tuition for local students.

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House Roll Call 18 on 2015 Senate Bill 539

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