2021 Senate Bill 99

Revise “promise zone” tax increment financing authority detail

Introduced in the Senate

Feb. 3, 2021

Introduced by Sen. Rosemary Bayer (D-12)

To add paying for on-campus room and board to the benefits a local government “promise zone” tax increment financing authority (TIFA) may provide to students eligible for its scholarships. These entities were authorized in 2008 to “capture" a portion of any increases in the state portion of school property tax revenue in the area, and use the money to partially subsidize college tuition for local students.

Referred to the Committee on Appropriations

June 10, 2021

Reported without amendment

With the recommendation that the bill pass.

Dec. 2, 2021

Passed in the Senate 32 to 2 (details)

Received in the House

Dec. 2, 2021

Referred to the Committee on Appropriations