2006 HB 462 Tax Increment for Development Act
- CVNM Position:
- Support
- Year:
- 2006
- Sponsors:
-
Ben Lujan
Mary Kay Papen
- Topics:
- Land
- Legislative Info:
- HB 462 on nmlegis.gov »
Description
HB462 and its companion SB495 authorize the establishment of tax-increment financing (TIF) districts to promote revitalization and redevelopment. This innovative mechanism allows local governments to bond for up-front cash to invest in redevelopment efforts, and then service the bonds using the increased property tax revenue that results from the project.
Outcome
HB 462 died in the Senate; SB 495 passed both chambers and was signed by the Governor.
How Legislators Voted on HB 462
- = Pro Conservation Vote
- = Anti Conservation Vote
- A = Absent
- E = Excused
- R = Recused
- W = Abstain
| Legislator | Party | District | Office | Conservation Vote |
Year |
|---|---|---|---|---|---|
| No Voting Data Found | |||||
