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Bill # - 2050
Relating to tax increment financing by cities; and to provide an effective date.

Description - This bills states that a municipality may use tax increment financing to assist a developer in the development of industrial or commercial property

Status - Signed by Governor

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Category - Finance

Grand Forks Position - Support

House Committee - Finance and Taxation: Hearing 9:00 am 3/7, Passed Amended 12-1

Senate Committee - Finance and Taxation: Hearing 11:00 am 1/5, Passed Amended 7-0

House Vote - Passed 85-3, 3/25 - Conference Committee (Wrangham, Streyle, S. Kelsh) - committee report passed 86-7, 4/20

Senate Vote - Passed: 46-0, 2/18 - Refused to concur - Conference Committee (Cook, Oehlke, Dotzenrod) - committee report passed 47-0, 4/19

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