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Montana bill would add public hearings, intergovernmental notice for tax-increment financing extensions
Summary
Supporters told the House Taxation Committee HB19 would increase public participation and require collaboration among taxing jurisdictions when extending or modifying tax increment finance districts.
House Bill 19 would add explicit public hearing and intergovernmental-notice requirements to Montana’s tax increment financing process, proponents told the House Taxation Committee on Thursday.
Supporters said the bill aims to increase transparency when cities or redevelopment agencies create or extend urban renewal and TIF (tax increment financing) districts. "HB 19 provides for more public input and more citizen involvement, more transparency in the process," a representative of the Montana Chamber of Commerce told the committee.
The bill drew endorsements from economic development and local-government…
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