Relating to taxation; modifying certain tax increment financing (TIF) provisions; modifying provisions relating to fiscal and economic implications of the proposed tax increment financing district; removing the authority option to increase or decrease the amount of interest on the debt to be capitalized; removing the requirement for TIF districts to supply annual statement copies to school boards; clarifying TIF district duration provisions; clarifying expenditures outside the TIF district; clarifying use of revenues for TIF decertification; allowing municipalities to transfer increments without regard to district plan authorization; changing the due date for authority disclosures or reports to the state auditor; clarifying the election exception for tax increment obligations
(rt)