Introduced
by
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.
Referred to the Committee on Government Operations
Passed in the Senate 35 to 2 (details)
Referred to the Committee on Education
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass. H-1 would increase the number of these tax increment financing authorities from 10 to 15.
Passed in the House 89 to 18 (details)
To expand from 10 to 15 the number of “promise zone” tax increment financing authorities (TIFA) located in low income and “low educational attainment” areas. 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.
Passed in the Senate 35 to 2 (details)
