Idea To Let Counties Impose One-Time Fee On TIF Districts Gains Approval Of County Funding Summer Study

Idea To Let Counties Impose One-Time Fee On TIF Districts Gains Approval Of County Funding Summer Study

PIERRE, (KCCR) — An interim legislative committee looking at county funding and services has agreed to consider putting together a bill for the 2024 legislative session that would allow a county to impose administrative fees on Tax Increment Financing districts in a county. Representative Krik Chaffee says counties are left out of the TIF process…

The proposed fee would be a one-time fee at the start of a TIF. Representative Roger Chase says determining what that fee would be could be hard to track down…

Senator David Johnson says the entire proposed list is filled with tax increases…

The idea gained support to move along in the process 10 to four.