2010 Senate Bill 1139 / Public Act 127

Revise certain tax increment finance details

Introduced in the Senate

Feb. 23, 2010

Introduced by Sen. Mike Nofs (R-19)

To modify timetables in the procedures that “local development financing” tax increment finance authorities are required to use in reporting and getting approval for their annual property tax “capture” from the Department of Treasury.

Referred to the Committee on Commerce and Tourism

March 3, 2010

Reported without amendment

With the recommendation that the bill pass.

March 11, 2010

Passed in the Senate 37 to 0 (details)

Received in the House

March 11, 2010

Referred to the Committee on Intergovernmental, Urban, and Regional Affairs

May 18, 2010

Reported without amendment

Without amendment and with the recommendation that the bill pass.

July 1, 2010

Passed in the House 89 to 17 (details)

To modify timetables in the procedures that “local development financing” tax increment finance authorities are required to use in reporting and getting approval for their annual property tax “capture” from the Department of Treasury.

Signed by Gov. Jennifer Granholm

July 19, 2010