Tax increment authorities would exclude history museum taxes

Tax increment financing authorities would leave taxes imposed under the History Museum Authorities Act out of tax increment revenues. The rule appears in the revenue definitions for downtown development, tax increment finance, local development finance, transit operations, water resource improvement, and neighborhood improvement authorities. The exclusion applies to property taxes and related specific local taxes tied to those property taxes. Other existing exclusions for school, library, zoo, art institute, shared, exempt, and debt-related taxes would remain in the listed definitions. The text does not state a separate start or end date for this rule.

The amendatory act would take effect only if Senate Bills 1139 and 1140 of the 103rd Legislature become law. This condition applies to the entire amendatory act, including its tax increment revenue definitions and related section changes. If either listed bill is not enacted, this amendatory act would not take effect. The condition applies before the act can take effect; the text does not provide another effective date.