Supplement: AL HB481 | 2022 | Regular Session | HB481 for County and Municipal Government
For additional supplements on Alabama HB481 please see the Bill Drafting List
Bill Title: Tax increment districts, redevelopment projects authorizes to continue through a subsequent tax increment district, Secs. 11-99-2, 11-99-4, 11-99-5, 11-99-6, 11-99-8, 11-99-10 am'd.
Status: 2022-03-30 - County and Municipal Government first Amendment Offered [HB481 Detail]
Download: Alabama-2022-HB481-HB481_for_County_and_Municipal_Government.html
Bill Title: Tax increment districts, redevelopment projects authorizes to continue through a subsequent tax increment district, Secs. 11-99-2, 11-99-4, 11-99-5, 11-99-6, 11-99-8, 11-99-10 am'd.
Status: 2022-03-30 - County and Municipal Government first Amendment Offered [HB481 Detail]
Download: Alabama-2022-HB481-HB481_for_County_and_Municipal_Government.html
| Committee: County and Municipal Government | Sponsor: Scott |
| Analyst: JT Mathis | Date: 03/30/2022 |
FISCAL NOTE
House Bill 481 as amended and reported by the Committee on County and Municipal Government 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 (TIF) district, or the amendment of a project plan for a TIF district, which may, pursuant to this bill, continue without re-determination of its assessed value.
| Reed Ingram, Chair County and Municipal Government |
