Click to Home
Bisbee, AZ   Pinetop-Lakeside, AZ   Mesa, AZ   Clarkdale, AZ   Tucson, AZ
Go To Search
HB 2177
HB 2177: municipalities; development; reimbursement zones
(Click for bill language and additional information)

Sponsor: Rep. Coleman

Summary: HB 2177 allows cities and towns to establish an economic development reimbursement authority (EDRA) to stimulate new development by using the increase in property tax collection attributable to the project to reimburse developers for eligible costs related to infrastructure and other improvements. Reimbursement is only authorized if certain conditions are met and an oversight committee made up of city, county and school district representatives approves the costs.

League Position: SUPPORT - The League supports providing another economic development tool to cities and towns.

UPDATES

1/31/2017: HB2177 passed out of House Government by a vote of 7-1. The bill now proceeds to the Rules Committee.