HB 1145 -- County Special Allocation Fund

Sponsor:  Roorda

Currently, for redevelopment plans and projects adopted or
approved after August 31, 1991, the amount of additional tax
revenue that is paid by a municipality into the special
allocation fund is determined by the difference between the tax
revenue generated by economic activity in the redevelopment
project area and the tax revenue generated by economic activity
in the redevelopment project area in the year before the adoption
of the redevelopment project.  This bill specifies that the base
calendar year amount will be calculated as if the economic
activity tax had been in effect the year before the adoption of
the redevelopment project if a political subdivision had no
economic activity tax in effect in the calendar year before the
adoption of the redevelopment project but subsequently imposes
one.

Currently, ambulance districts and fire protection districts
providing emergency services are reimbursed from the special
allocation fund for at least 50%, but not more than 100%, of the
district's tax increment.  The bill requires an ambulance
district board or fire protection district board to set the
refund amount rate before the assessment is paid into the special
allocation fund.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am