Supplement: AL SB260 | 2022 | Regular Session | SB260 for Fiscal Responsibility and Economic Development
For additional supplements on Alabama SB260 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: 2022-04-06 - Assigned Act No. 2022-422. [SB260 Detail]
Download: Alabama-2022-SB260-SB260_for_Fiscal_Responsibility_and_Economic_Development.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: 2022-04-06 - Assigned Act No. 2022-422. [SB260 Detail]
Download: Alabama-2022-SB260-SB260_for_Fiscal_Responsibility_and_Economic_Development.html
| Committee: Fiscal Responsibility and Economic Development | Sponsor: Smitherman |
| Analyst: John Friedenreich | Date: 03/08/2022 |
FISCAL NOTE
Senate Bill 260 as introduced, amended, and reported by the Committee on Fiscal Responsibility and Economic Development 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 bill, continue without re-determination of its assessed value.
This bill will not otherwise affect state or local funding.
| Steve Livingston, Chairperson Fiscal Responsibility and Economic Development |
