Bills › 2001–02 › SB 5720
BILL · 2001–02 SESSION · LATEST VERSION SSB 5720
SB 5720: Community revitalization
Promoting community revitalization.
Summary
$ Authorizes a new system of property tax increment financing where increment areas may be created by a county, city, or town within which a portion of the receipts from regular property tax levies are diverted away from local governments imposing the property taxes and distributed to the sponsoring county, city, or town to finance facilities and programs within the increment area.
From the Substitute House Bill Analysis (SSB 5720), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · passed Senate, stalled in House
IntroducedJan 31, 2001
Out of committeeMar 5, 2001
Passed SenateMar 12, 2001
Passed Housestopped here
Governor
Law
Introduced January 31, 2001 in the Senate
Last action February 28, 2002
Budget Has a fiscal note
Versions SB 5720, SSB 5720
Sponsors (10)
Votes (1)
History (19)
Official bill page & text ↗
AN ACT Relating to community revitalization financing;
Votes
Senate · 3rd Reading & Final Passage
Passed March 12, 2001
Version voted on: SB 5720
46 Yea
2 Nay
0 Absent
1 Excused
Party Yea Nay Absent Excused
Democrat 25 0 0 0
Republican 21 2 0 1
How each member voted
History
Feb 28, 2002 Senate Rules "X" file. (SSB 5720)
Feb 1, 2002 Made eligible to be placed on third reading. (SSB 5720)
Jan 14, 2002 By resolution, reintroduced and retained in present status. (SSB 5720)
Apr 25, 2001 By resolution, reintroduced and retained in present status. (SSB 5720)
Apr 22, 2001 By resolution, returned to Senate Rules Committee for third reading. (SSB 5720)
Mar 15, 2001 First reading, referred to Trade & Economic Development. (SSB 5720)
Mar 12, 2001 Third reading, passed; yeas, 46; nays, 2; absent, 0; excused, 1. (SSB 5720)
Mar 12, 2001 Rules suspended. Placed on Third Reading. (SSB 5720)
Mar 12, 2001 1st substitute bill substituted. (SSB 5720)
Mar 12, 2001 1st substitute bill substituted.
Mar 9, 2001 Placed on second reading by Rules Committee. (SSB 5720)
Mar 9, 2001 Placed on second reading by Rules Committee.
Mar 8, 2001 Made eligible to be placed on second reading. (SSB 5720)
Mar 8, 2001 Made eligible to be placed on second reading.
Mar 5, 2001 ET - Majority; 1st substitute bill be substituted, do pass. (SSB 5720)
Mar 5, 2001 Passed to Rules Committee for second reading. (SSB 5720)
Mar 5, 2001 Passed to Rules Committee for second reading.
Mar 5, 2001 ET - Majority; 1st substitute bill be substituted, do pass.
Jan 31, 2001 First reading, referred to Economic Development & Telecommunications.
SB 5720 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
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