Introduced
by
To expand the things for which local governments can impose “tax increment finance authority” (TIFAs) that "capture" the “increment” of extra local property tax revenue that supposedly will result from spending borrowed money on various subsidies and projects, and use it pay off the debt. Specifically, the bill would make local spending on a “water trail and land up to one mile from the bank or shoreline” eligible for these tax “captures”.
Referred to the Committee on Local Government and Municipal Finance
