House Bill 1207
House Bill (H)
DIGEST
Main street downtown redevelopment districts. Provides that a city or town having a population that does not exceed 20,000 (eligible municipality) may establish a main street downtown redevelopment district (district) within the eligible municipality for the purpose of capturing sales tax collected by businesses located in the district. Provides that the sales tax increment distributed to each eligible municipality that establishes a district may be used to pay for improvements in the district or the financing of improvements in the district.
Main street downtown redevelopment districts. Provides that a city or town having a population that does not exceed 20,000 (eligible municipality) may establish a main street downtown redevelopment district (district) within the eligible municipality for the purpose of capturing sales tax collected by businesses located in the district. Provides that the sales tax increment distributed to each eligible municipality that establishes a district may be used to pay for improvements in the district or the financing of improvements in the district.
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