HB 3489

Abstract

Amends the County Economic Development Project Area Property Tax Allocation Act. Provides that any county may, by ordinance, propose the establishment of an economic development project area that shares a border with a county highway and does not extend more than 2 miles from the highway in any direction. Provides that, with respect to a county TIF district that borders a county highway, the term "economic development project costs" includes costs associated with reconstruction and expansion of a county highway. Provides that the project area may not extend into any municipal TIF district that exists on the date the ordinance is passed and may not extend outside of the boundaries of the county.