Amends TCA Title 9, Chapter 23.
As introduced, requires the comptroller of the treasury to develop a numerical grading system for all tax increment financing (TIF) plans; requires the comptroller to evaluate TIF plans based on the benefits the municipality is receiving from the plan and the cost of the active plan to the taxpayers in the jurisdiction.
As introduced, requires the comptroller of the treasury to develop a numerical grading system for all tax increment financing (TIF) plans; requires the comptroller to evaluate TIF plans based on the benefits the municipality is receiving from the plan and the cost of the active plan to the taxpayers in the jurisdiction.
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