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Revenue and Taxation committee introduces RS 32313 to allow early dissolution of urban renewal agencies
Summary
The House Revenue and Taxation Committee on Feb. 17, 2025, voted to introduce RS 32313, sponsored by Representative John Weber (District 34), to allow local governments to dissolve an urban renewal agency early if there is no outstanding debt and to permit certain fire and ambulance districts to exclude tax-increment revenue from a revenue allocation area when no debt exists.
The House Revenue and Taxation Committee on Feb. 17, 2025, voted to introduce RS 32313, a resolution sponsored by Representative John Weber (District 34) that would give local governing bodies the ability to dissolve an urban renewal agency early when there is no outstanding debt and would provide a mechanism for fire protection and ambulance districts to exclude property tax increments from a revenue allocation area, so long as no current debt exists.
The measure matters because it would clarify how and when…
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