Committee: County and Municipal Government Sponsor: Scott
Analyst: JT Mathis Date: 03/30/2022
FISCAL NOTE
House Bill 481 as amended and reported by the Committee on County and Municipal Government could further delay potential increases in ad valorem tax receipts generated from a Tax Increment Financing district to state and local governments, resulting from the continuation of an expiring Tax Increment Financing (TIF) district, or the amendment of a project plan for a TIF district, which may, pursuant to this bill, continue without re-determination of its assessed value.
Reed Ingram, Chair County and Municipal Government