Exclude Value Mineral Resources Tax Increment Financing Division
| Type | Bill |
|---|---|
| Session | 2017 Regular Session |
| Subjects |
Concerning the ability of an urban renewal authority to exclude the valuation attributable to the extraction of mineral resources located within an urban renewal area from the total amount of taxable property subject to division for the purpose of financing urban renewal projects.
Bill Summary:
The bill permits the governing body of a municipality, as applicable, to provide in an urban renewal plan that the valuation attributable to the extraction of mineral resources located within the urban renewal area is not subject to the division of taxes between base and incremental revenues that accompanies the tax increment financing of urban renewal projects. In such circumstances, the taxes levied on the valuation will be distributed to the public bodies as if the urban renewal plan was not in effect.
The bill defines the terms 'mineral resources' and 'valuation attributable to the extraction of mineral resources.'
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/20/2017 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 17-1016 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 5-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 17-1016 to the Committee of the Whole. | The motion passed on a vote of 12-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L001 (Attachment A). | The motion | Vote summary |
| Refer House Bill 17-1016, as amended, to the Committee on Finance. | The motion passed on a vote of 11-0, with 2 excused. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/27/2017 | Third Reading | BILL |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/07/2017 | Third Reading | BILL |
64
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 03/08/2017 | Governor | Governor Signed |
| 03/03/2017 | Governor | Sent to the Governor |
| 03/03/2017 | Senate | Signed by the President of the Senate |
| 03/02/2017 | House | Signed by the Speaker of the House |
| 02/27/2017 | Senate | Senate Third Reading Passed - No Amendments |
| 02/24/2017 | Senate | Senate Second Reading Passed - No Amendments |
| 02/21/2017 | Senate | Senate Committee on Local Government Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 02/08/2017 | Senate | Introduced In Senate - Assigned to Local Government |
| 02/07/2017 | House | House Third Reading Passed - No Amendments |
| 02/06/2017 | House | House Second Reading Passed with Amendments - Committee |
| 02/01/2017 | House | House Committee on Finance Refer Unamended to House Committee of the Whole |
| 01/18/2017 | House | House Committee on Local Government Refer Amended to Finance |
| 01/11/2017 | House | Introduced In House - Assigned to Local Government + Finance |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/09/2017 | 20 | Exclude Value Mineral Resources TIF Division |