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Utah Senate approves 20% redevelopment tax‑increment mandate for affordable housing on SB 186
Summary
The Utah Senate on Feb. 23, 2000, approved an amendment to the second substitute of Senate Bill 186 to require redevelopment agencies to set aside 20% of tax‑increment revenues for moderate‑ to low‑income housing; debate centered on mandates versus local control and the effect on small redevelopment agencies.
The Utah State Senate on Feb. 23, 2000, approved an amendment to the second substitute of Senate Bill 186 requiring redevelopment agencies to allocate 20% of tax‑increment revenues to moderate‑ to low‑income housing and then passed the bill to the House for further consideration.
Sen. Thomas Davis, sponsor of the amendment, told colleagues, “Basically, what this does is make sure that, 20% of the tax increment goes to moderate to low income housing.” Proponents said the requirement would force participating cities and counties to invest in…
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