House Substitute for Substitute for SB 197 by Committee on Commerce, Labor and Economic Development - Furthering economic development by providing for authorization of a port authority by the unified government of Wyandotte County and Kansas City, Kansas, authorizing redevelopment of mall facilities as STAR bond projects, allowing vertical construction for certain STAR bond projects, facilitating such projects in less-populated counties in the Wichita and Kansas City metropolitan statistical areas, setting visitor origin requirements for such projects and providing for enforcement of such requirements, expanding transparency of such projects, authorizing the Kansas development finance authority to issue bonds for such projects, making certain other changes and extending the expiration date of the STAR bonds financing act.
Increasing the membership appointed by the governor on the council on travel and tourism and updating the house committee assignment required for house members from the committee on agriculture and natural resources to the committee on commerce, labor and economic development;reducing the required allocation of funds from the department of commerce's matching grant program for the promotion of tourism by public and nonprofit entities and removing the restriction on the percentage of such funds granted to a single entity.
Providing funding for STAR bond districts to replace lost food sales tax revenue.
Providing for food sales tax revenue replacement for STAR bond districts established prior to December 31, 2022, establishing the STAR bonds food sales tax revenue replacement fund, providing for transfers from the state general fund to such revenue replacement fund and transfers from such revenue replacement fund in the amount of food sales tax revenues lost to the applicable cities or counties and extending the sunset date of the STAR bonds financing act to July 1, 2031.
Authorizing the secretary of commerce to enter into agreements with major professional sports franchises to establish STAR bond projects for a major professional sports complex, providing for additional revenue sources, expanding the powers and discretion of the secretary and making other changes to the STAR bonds financing act to facilitate such projects, limiting the secretary’s authority to approve such projects to one year unless extended by the legislative coordinating council, authorizing the Kansas development finance authority to issue STAR bonds for such projects, transferring funds under certain circumstances from the state gaming revenues fund to the attracting professional sports to Kansas fund for the fiscal year ending June 30, 2025, and, if approved by the legislative coordinating council, for the fiscal year ending June 30, 2026.
Provides relative to a special taxing district in Jefferson Parish
Tax increment districts, redevelopment projects authorizes to continue through a subsequent tax increment district, Secs. 11-99-2, 11-99-4, 11-99-5, 11-99-6, 11-99-8, 11-99-10 am'd.
Creates the Rapides Parish Taxing District