HB1330 Requires rezoning of property to other than agricultural before the use of eminent domain under the tax increment financing statute.
Sponsor: Auer, Ron (59) Effective Date:00/00/0000
CoSponsor: Leake, Sam (9) LR Number: 2503L.01I
Last Action: COMMITTEE: COMMERCE
02/16/2000 - Public Hearing Held (H)
HB1330
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1330 Copyright(c)
* Introduced

Available Bill Text for HB1330
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1330 -- Tax Increment Financing

Co-Sponsors:  Auer, Leake

Current tax increment financing (TIF) statutes allow
municipalities to use eminent domain to acquire land or
properties which are part of a TIF redevelopment plan.  This
bill prohibits the use of eminent domain for such redevelopment
plans if the property in question is zoned or assessed as
agricultural property, or, in the absence of zoning, used
exclusively for agricultural purposes.


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Last Updated October 5, 2000 at 11:32 am