HB1197 expands what costs cities can pay for using tax increment financing (a tool where cities use future tax revenue growth in a district to fund improvements). The bill adds "professional service costs" like architectural, engineering, planning, and legal advice to the list of eligible expenses that can be funded through tax increment financing districts.
Signed by the Governor H.J. 656
Delivered to the Governor H.J. 594
Signed by the President S.J. 457
Signed by the Speaker H.J. 536
Senate Do Pass Passed, YEAS 35, NAYS 0. S.J. 405
Taxation Certified uncontested, placed on consent YEAS 6, NAYS 0. S.J. 1
Taxation Do Pass Passed, YEAS 6, NAYS 0. S.J. 1
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 233
House of Representatives Do Pass Passed, YEAS 68, NAYS 0. H.J. 247
Taxation Certified uncontested, placed on consent
Taxation Do Pass Passed, YEAS 10, NAYS 0.
Taxation Scheduled for hearing
House of Representatives Referred to House Taxation H.J. 156
First Reading House H.J. 139
Mike Derby
Prime sponsor · Rep.
R
Cosponsors
Taxation — Do Pass
Taxation — Certified uncontested, placed on consent
Taxation — Do Pass