2013 Senate Bill 125

Extend ability of TIFAs to “capture” school tax revenue

Introduced in the Senate

Jan. 31, 2013

Introduced by Sen. Mike Nofs (R-19)

To extend for another 10 years (through 2025) an exemption that allows local borrow-and-spend “tax increment financing authorities” (TIFAs) to “capture” certain school property tax revenue (“eligible obligations”).

Referred to the Committee on Local Government and Elections