House Tax Committee Requires More Information from Cities with TIF Legislation

Cities are strongly encouraged to submit a completed form as soon as possible.
(Published Feb 27, 2013)

At a recent committee hearing, the House Tax Committee announced that it would be requiring the authors of local Tax Increment Financing (TIF) legislation to provide the Tax Committee with specific financial information related to each TIF district that is the subject of legislation.

Download the form (pdf)

The form will also be provided to legislators who are authoring TIF bills and was provided to the League by committee staff. Similar information has been requested by the House Tax Committee in the recent past.

The form requires a substantial amount of information, so we encourage cities to begin work on this soon.

Please note: A separate form is required for each TIF district, not simply for each bill.

The Tax Committee has already begin to hold hearings on TIF legislation. Cities are strongly encouraged to submit a completed form as soon as possible.

Questions? Contact Patrick Hynes at (651) 281-1260 or phynes@lmc.org or Heather CCederholm at (651) 281-1256 or hcederholm@lmc.org

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