Committee: Sponsor: Smitherman
Analyst: John FriedenreichDate: 05/11/2022


Senate Bill 260 (Act 2022-422) as enacted could further delay potential increases in ad valorem tax receipts generated from a Tax Increment Financing district to state and local governments, resulting from the continuation of an expiring Tax Increment Financing district, or the amendment of a project plan for a TIF district, which may, pursuant to this act, continue without re-determination of its assessed value.