SB 2846
Tax Increment Financing Act; authorize optional taxpayer agreements to provide additional security for obligations under.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
An act to create new section 21-45-23, mississippi code of 1972, to authorize municipalities to enter into voluntary taxpayer agreements IN connection with tax increment financing redevelopment projects; To provide for optional lien security for such agreements; To authorize conduit bond financing secured by taxpayer agreements; To provide that such agreements do not constitute taxes, public debt OR pledges of governmental credit; To amend section 21-45-3, mississippi code of 1972, to define "taxpayer agreement" and revise the definition of "redevelopment project" for purposes of this act; And for related purposes.
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