PROP TX-TIF INFO ON BILL

Session: 103rd General Assembly
Year: 2024
Bill #: SB2711
Category: Revenue
Position: No position
Mandate? Yes
Revenue Loss?
Authority Preemption?

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Summary as Introduced

Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the TIF district would have received for the taxable year in the absence of the TIF district. Effective immediately.



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