Residential tax increment financing.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Senate
- Sponsors
- +3
- Latest action
- Mar 3, 2025
Where it stands
Introduced (Done)
Committee (Done)
Floor (Current step)
Law (Needs attention)
What it does
Provides, in the case of an allocation provision adopted after June 30, 2025, for a residential housing development program, that the redevelopment commission (commission) shall annually transfer at least 5% of the aggregate allocated tax proceeds from the allocation area to the unit that established the commission. Specifies that the unit must use the revenue for police and fire services that serve the allocation area.
What moved
Who is involved
- Dan DernulcLead sponsor
- Hal SlagerLead sponsor
- Mike BohacekLead sponsor
- Rick NiemeyerLead sponsor
- Lonnie RandolphSponsor
- Julie OlthoffCo-sponsor
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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