If Senate Bills 1139 and 1141 also become law, brownfield plans would leave History Museum Authorities Act taxes out of their tax-capture calculations.
Brownfield tax-capture calculations would leave out property taxes tied to the History Museum Authorities Act, if related Senate Bills 1139 and 1141 also become law.
Brownfield plans would not count taxes levied under the History Museum Authorities Act as tax-increment revenue. The provision applies to tax-increment revenue connected to eligible property under a brownfield plan. The act would take effect only if Senate Bills 1139 and 1141 of the 103rd Legislature are also enacted into law. The provision would take effect only after the required companion bills are enacted; no separate effective date is stated.
No hearings or votes scheduled.