HB 2474 -- Tax Increment Financing

Sponsor:  Pratt

This bill entitles any public school district providing services
under Chapter 160, RSMo, to reimbursement from the tax increment
financing (TIF) district's special allocation fund.

For developments which will be located on property where less
than 50% of the acreage is in commercial development at the time
the TIF application is filed, the reimbursement amount will be
between 20% and 100% of the district's tax increment.  If the
development will be located on property with 50% or more of its
acreage in commercial development, the reimbursement amount will
be between 10% and 100% of the district's tax increment.

The provisions of the bill will not apply to any TIF project or
district approved before August 28, 2008.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm