state laws at your finger tips
in concise, plain language
Legislation watch

2017 Senate Bill 98: Authorize Flint “promise zone” tax increment financing authority
Introduced by Sen. Jim Ananich (D) on February 2, 2017 To expand from 10 to 11 the number of “promise zone” tax increment financing authorities (TIFA) located in low income and “low educational attainment” areas, with the new one in Flint. These entities were authorized by a 2008 law to “capture" a portion of any increases in the state portion of school property tax revenue in the area, and use the money to partially subsidize college tuition for local students.   Official Text and Analysis.
Referred to the Senate Government Operations Committee on February 2, 2017
Passed 35 to 2 in the Senate on May 16, 2017.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To expand from 10 to 11 the number of “promise zone” tax increment financing authorities (TIFA) located in low income and “low educational attainment” areas, with the new one in Flint. These entities were authorized by a 2008 law to “capture" a portion of any increases in the state portion of school property tax revenue in the area, and use the money to partially subsidize college tuition for local students.
Received in the House on May 16, 2017
Referred to the House Education Committee on May 16, 2017

Comments