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Committee hears support for HB19 to add public hearings and taxing-jurisdiction notice for TIF extensions
Summary
Proponents from business and municipal redevelopment agencies told the Montana House Taxation Committee HB19 would increase public participation and transparency when tax increment financing districts are extended.
House bill 19, which would require additional public hearings and formal notice to affected taxing jurisdictions before extending tax increment financing (TIF) districts, drew unanimous support from proponents at a House Taxation Committee hearing. Proponents told the committee the change would increase transparency and give other taxing entities a clearer opportunity to weigh potential impacts.
Supporters included local governments and economic-development groups. Danni Hess, representing the city of Bozeman, said HB19 “solidifies that…
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