The Next Step In Flood Plain Protection And Tax Increment Financing Reform
Over the past decade, the Missouri General Assembly has taken several steps to preserve the state’s instrumental flood plains from subsidized development. In 2003, Saint Charles County was given a special exemption that disallowed the use of TIF in the flood plain within that county. In 2007, many other parts of Missouri were added to the preservation list as part of the Hunting Heritage Protection Areas Act, which limited the use of TIF within the 100-year flood plain in Missouri, though with numerous exclusions. House Bill 1709 intends to apply the safeguards that these parts of Missouri are experiencing to the rest of the state.
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