5-15-29. Report required.
89 words·~1 min read·
/nm/chapter-5-municipalities-and-counties/article-15-tax-increment-for-development/5-15-29·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On September 1 of each year, the district board of a district that receives a distribution of a gross receipts tax increment attributable to the state gross receipts tax shall submit a report to the state board of finance and the legislative finance committee that includes the estimated capital investment in the district, the estimated total net new jobs and new full-time economic base jobs created in the district and the total revenues distributed to the district in each previous fiscal year.
History: Laws 2019, ch. 275, § 8.