Introduced
by
To clarify details of a 2016 law that exempted libraries from having their tax revenue “captured” by a municipal tax increment finance scheme, so as to clarify the status of existing local authority debt that is serviced by these captures. See also Senate Bill 304; this bill amends the law authorizing “Corridor Improvement” authorities, which have been granted the power to “capture” incremental increases in local government tax collections.
Referred to the Committee on Finance
