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Bill would require advisory committees and local taxing‑jurisdiction representation on TIF districts, sponsors say
Summary
Sen. Jeremy Trevis told the House Taxation Committee Senate Bill 3 would require an advisory committee when a local government adopts tax increment financing, including representatives from overlapping taxing jurisdictions such as counties and school districts; cities and business groups testified in support.
Sen. Jeremy Trevis told the House Taxation Committee that Senate Bill 3 would require local governments that adopt tax increment financing provisions to appoint an advisory committee to advise on administration of an urban renewal area or targeted economic development area. The committee would include representatives from affected taxing jurisdictions, such as counties and school districts whose future tax…
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