SB1848

Prohibits certain districts from including property of certain establishments in Local Development Act.

Amends the Local Development Act to prohibit certain districts from including the property of certain establishments in the act. Prohibits certain entities from receiving ad valorem tax exemptions. Specifies that no ad valorem tax incentives or exemptions may be granted if the property is located in an increment district. Provides that no incentives or exemptions may be granted to an out-of-state business or firm that is subject to or in the process of recruitment by two or more governmental entities within the state. Effective January 1, 2022.