Introduced by Sen. Joseph Zarelli, (R-Ridgefield) (R) on January 20, 2005 To expand the community revitalization program to allow local governments to finance public improvements not only using increased property tax revenues, but also excess excise tax revenues, and revenue generated through a sales and use tax, up to $1 million per year, per project, credited against the state sales and use tax in an increment area. The bill limits the annual aggregate amount of new local sales and use taxes that may be credited against the state tax to $5 million initially. See companion HB 1907. Official Text and Analysis.
Referred to the Senate International Trade and Economic Development Committee on January 20, 2005
Referred to the Senate Ways & Means Committee on February 10, 2005
Referred to the Senate Rules Committee on March 7, 2005