To impose additional reporting requirements on “promise zone” tax increment financing authorities located in low income and “low educational attainment” areas, and provide a means for dissolving them. 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.
| 98 Yeas / 9 Nays | |
|---|---|
