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Bill would require advisory committees so taxing jurisdictions have a seat in TIF decisions
Summary
Senate Bill 3 would require local governments that adopt tax increment financing provisions to appoint advisory committees with representatives from affected taxing jurisdictions, increasing transparency and input for urban renewal and TIF decisions, supporters told the House Taxation Committee.
Senate Bill 3 would require the legislative body of a local government that adopts a tax increment financing (TIF) provision to appoint an advisory committee to advise on administration of the urban renewal area or targeted economic development area, sponsor testimony said.
Supporters including the City of Bozeman, the Montana Quality Education Coalition and the Montana League of Cities and Towns said…
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