JCIDA narrowly authorizes distribution of new tax-exempt policy that would allow overrides

  Link here to original-  JCIDA narrowly authorizes distribution of new tax-exempt policy that would allow overrides

By NANCY MADSEN
TIMES STAFF WRITER
One month after clamoring for wider powers in giving property tax breaks, the sentiment of the board of the Jefferson County Industrial Development Agency changed, almost ending the effort.

The changes included adding rental housing units to the list of acceptable industries to give payment-in-lieu-of-taxes agreements. But the bigger change would allow the board to force a PILOT with a standard pro rata distribution, even if not all of the taxing jurisdictions agreed. The action would require five votes of the seven members, by statute. PILOTs that deviate from the normal distribution, which reflects the proportion of property taxes distributed among a property’s taxing jurisdictions, still would require agreement from all involved jurisdictions.