HB 1320 -- Tax Increment Financing

Sponsor:  Walker

This bill prohibits taxes that are levied and imposed after the
effective date of a municipality's tax increment allocation
financing (TIF) ordinance from being used to pay redevelopment
costs associated with TIF projects.

Taxes authorized prior to the effective date of the ordinance,
but which are increased after the effective date, are also
prohibited from being used to pay redevelopment costs associated
with TIF projects.

The bill contains an emergency clause.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am