Summary: This proposal directs the
General Assembly to provide for a new method of ad valorem tax assessment of
forest land conservation use property. Such property will include only tracts
of forest land which exceed 200 acres except where the General Assembly has
provided by general law for exceptions to the 200 acre limit under certain
circumstances. Subject to certain qualifications, an owner of such property
will be able to enter into a covenant to restrict the use of the land to
current use; and the land will then be taxed according to a formula based on
current use, annual productivity, and real property sales data. A breach of the
covenant will result in a government recapturing the tax savings and may result
in other appropriate penalties.
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Summary: This proposal affirms that the General
Assembly may authorize counties, municipalities, and housing authorities to carry
out community redevelopment and revises provisions relative to redevelopment
powers and tax allocation bonds. As revised by the proposed amendment, the
current provisions for community redevelopment, after providing for such powers,
will contain revised provisions relative to tax allocation bonds. A general law
will be able to authorize the use of county, municipal, and school tax funds,
or any combination thereof, to fund redevelopment purposes and programs,
including repayment of tax allocation bonds. The general law may provide for
such use of tax funds without regard to whether the local government approved
such use before January 1, 2009. No county, municipal, or school tax funds may
be used for such purposes and programs without approval by the applicable local
governing body. With respect to school taxes only, such taxes may be used for
redevelopment purposes and programs only if: (1) they have been pledged for
repayment of tax allocation bonds which have been judicially validated
(approved by a court for issuance); or (2) such use is authorized by general
law after January 1, 2009.
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Summary: This proposal
authorizes the General Assembly by general law to provide for the creation and
regulation of infrastructure development districts. The purpose of such
districts will be for the creation, provision, and expansion of such
infrastructure services and facilities as may be provided for by general law.
Counties and municipalities affected by the creation of infrastructure
development districts will have the authority to approve creation of such
districts. The general law providing for the creation of the districts will
provide for the establishment of an administrative or governing body for the
districts. Such administrative or governing bodies will be able to impose and
collect fees and assessments within each district and to incur debt according
to powers and limits set by statute.
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full text |
THE COUNCIL OF STATE GOVERNMENTS 
