Summary of the Introduced Bill

HB 2073 -- Transportation Development Districts

Sponsor:  Faith

This bill establishes special requirements for the formation of a
transportation development district (TDD) to operate a public
mass transportation system.

Currently, owners of property adjacent to a TDD may petition the
court by the unanimous approval of the owners to add their
property to the district and the property must be added to the
district.  The bill specifies that the unanimous approval
requirement will not apply to any TDD formed by a local
transportation authority to operate a public transportation
system, and the court must add the adjacent property in the
petition upon the approval and consent of the TDD's board of
directors.

The board of directors for a district formed by local
transportation authorities to operate a public mass
transportation system must consist of between three and five
members appointed by the chief executive officers of each local
transportation authority.  Any director appointed by a chief
executive officer may be removed by the officer at any time with
or without cause.  The State Highways and Transportation
Commission is prohibited from appointing advisers to these
boards, and these districts are not required to submit their
proposed project plans to the commission for its approval.

Real property taxes for TDDs will not be considered payment in
lieu of taxes as it relates to the Real Property Tax Increment
Allocation Redevelopment Act, and tax revenues derived from the
property taxes will not be subject to allocation under the act.
The sales tax for these districts must not be considered economic
activity taxes as it applies to the tax increment financing
statutes and are not subject to allocation by those statutes.
The Transportation Development District Sales Tax Trust Fund is
created to deposit the sales tax revenues generated by these
TDDs.

Copyright (c) Missouri House of Representatives


Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:12 pm