Washington D.C. Council Bill 220620 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on December 5 2017 - 25% progression, died in chamber
Action: 2017-12-08 - Notice of Intent to Act on B22-0620 Published in the DC Register
Text: Latest bill text (Introduced) [PDF]

As introduced, this bill requires a development sponsor to provide additional information in an application for Tax Increment Financing if those funds will be used to build automobile parking. The additional information includes: the number of automobile parking spaces and how that number was developed, as well as the impact of those spaces, the number of parking spaces that will use TIF, and why the parking spaces can only be built using financing proceeds. It requires the CFO to consider whether a TIF financed project is consistent with applicable small area plans and the Sustainable DC Plan before certifying the TIF. It also establishes notification requirements when the application does not meet established criteria and gives the development sponsor 60 days to cure any defects in the application.

Tax Increment Financing Transparency Amendment Act Of 2017

Cnc. Charles Allen [D]	Cnc. Elissa Silverman [I]	Cnc. Phil Mendelson [D]	Cnc. Robert White [D]
Cnc. Anita Bonds [D]	Cnc. David Grosso [D]

Date	Chamber	Action
2017-12-08	Council	Notice of Intent to Act on B22-0620 Published in the DC Register
2017-12-05	Council	Referred to Committee on Finance and Revenue
2017-12-05	Council	Introduced in Legislative Meeting

Type	Source
Summary	http://lims.dccouncil.gov/Legislation/B22-0620
Text	http://lims.dccouncil.gov/Download/39354/B22-0620-Introduction.pdf