A326 — Requires municipalities to share certain payments received in lieu of property taxes with school districts; informs counties and school districts of application for property tax exemption.*

A326 — Requires municipalities to share certain payments received in lieu of property taxes with school districts; informs counties and school districts of application for property tax exemption.* · Informed CitizenryThis bill amends existing law regarding long-term tax exemptions for urban renewal projects. It requires municipalities to share a portion of the annual service charges received from urban renewal…Open in Informed Citizenry