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House Bill 1182


House Bill 1182

ARCHIVE (2005)

Latest Information

 

DIGEST OF HB 1182 (Updated April 28, 2005 5:32 pm - DI 44)


Extension of TIF and abatements. Extends the deadlines for the creation of new tax increment finance (TIF) allocation areas and for the approval of new statements of benefits for tax abatements from December 31, 2005, to December 31, 2011, and subsequently provides for automatic five year extensions of the deadlines unless the general assembly enacts a statute that terminates the automatic extensions and designates final deadlines. Repeals the limitation of tax abatements for new logistical distribution equipment and new information technology equipment to certain counties located along Interstate Highway 69.
Current Status:
 Law Enacted
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