Staff Analysis of the Legislation
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03.06.12 The Senate Finance committee gave this bill a favorable report as amended by the subcommittee. 02.28.12 The Senate Finance Property Tax subcommittee gave this bill a favorable report. 01.24.12 The Senate Finance committee recommitted this bill to the subcommittee. 01.17.12 The Senate Finance Property Taxation subcommittee gave this bill a favorable report with an amendment. The amendment clarifies that the bill is prospective only. Summary of the bill as introduced: Requires surplus funds in a tax increment financing redevelopment project to be sent back to the taxing entity. |