BILL · 2005–06 SESSION

SB 5325: Community revitalization

Promoting economic development and community revitalization.

Summary

  • Expands the community revitalization program to allow local governments to finance public improvements not only using increased property tax revenues, but also excess excise tax revenues, and revenue generated through a sales and use tax, up to $1 million per year, per project, credited against the state sales and use tax in an increment area.
  • Limits the annual aggregate amount of new local sales and use taxes that may be credited against the state tax to $5 million initially.

From the House Bill Analysis (SB 5325), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 20, 2005
  2. Out of committeeMar 7, 2005
  3. Passed SenateMar 14, 2005
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Joseph Zarelli (R-18)
Introduced
January 20, 2005 in the Senate
Last action
March 8, 2006
Companion bill
HB 1907
Budget
Has a fiscal note

AN ACT Relating to community revitalization financing;

Sponsors

Votes

Senate · 3rd Reading & Final Passage

Passed March 14, 2005
Version voted on: SB 5325
46 Yea 3 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24200
Republican22100
How each member voted

Senate · 3rd Reading & Final Passage

Passed February 8, 2006
Version voted on: SB 5325
46 Yea 1 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24101
Republican22001
How each member voted

History

  1. By resolution, returned to Senate Rules Committee for third reading.
  2. First reading, referred to Economic Development, Agriculture & Trade.
  3. Third reading, passed; yeas, 46; nays, 1; absent, 0; excused, 2.
  4. Placed on third reading by Rules Committee.
  5. By resolution, reintroduced and retained in present status.
  6. By resolution, returned to Senate Rules Committee for third reading.
  7. First reading, referred to Economic Development, Agriculture & Trade.
  8. Third reading, passed; yeas, 46; nays, 3; absent, 0; excused, 0.
  9. Rules suspended. Placed on Third Reading.
  10. Placed on second reading by Rules Committee.
  11. Made eligible to be placed on second reading.
  12. Passed to Rules Committee for second reading.
  13. WM - Majority; do pass.
  14. And refer to Ways & Means.
  15. ITED - Majority; do pass.
  16. Referred to Ways & Means.
  17. First reading, referred to International Trade & Economic Development.

SB 5325 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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