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DIGEST OF INTRODUCED BILL
Property tax abatement and TIF. Eliminates the December 31, 2005, deadline for approval of property tax abatements or creation of tax increment finance (TIF) areas. Repeals the limitation of tax abatements for logistical distribution equipment and information technology equipment to certain counties located along Interstate Highway 69. Provides that logistical information distribution equipment and information technology equipment must be installed before January 1, 2007, in order to be eligible for tax abatement. Makes conforming changes.