Tax Abatement Transparency Among Local Governments
This legislation would require that a local government share a written notice on estimated of direct financial impacts from proposed tax abatements or incentives with other affected local governments at least seven days prior to granting of a tax abatement or financial incentive. The notice would also have to include details of the project subject to the tax abatement or financial incentive which include an analysis that demonstrates the project would not be feasible without the proposed incentives.
Last Updated: 2/18/2021
Subject Area: Economic Development and Redevelopment | Finance and Money Management |
Resources: bill text
1/14/2021 - Assigned To House Committee