Bill
Bill > S1623
MA S1623
To ensure fairness through the economic development tax increment financing program
summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to ensure fairness through the economic development tax increment financing program. Revenue.
AI Summary
This bill amends Chapter 40, Section 59, paragraph (iii)(b) of the existing law by removing the provision that the ratio of the amount of tax increment financing (TIF) exemption to the amount of the total exemption shall not be less than 1. The purpose of this change is to ensure fairness through the economic development TIF program.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H5080 (on 11/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S1623 |
| Bill | https://malegislature.gov/Bills/191/S1623.pdf |
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