1 of 1 HOUSE DOCKET, NO. 1422 FILED ON: 1/14/2025 HOUSE . . . . . . . . . . . . . . . No. 3183 The Commonwealth of Massachusetts _________________ PRESENTED BY: John J. Marsi and Donald R. Berthiaume, Jr. _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act allow all towns and cities to use Tax Increment Financing (TIF) as an incentive for housing (residential rehab or commercial conversion). _______________ PETITION OF: NAME:DISTRICT/ADDRESS :DATE ADDED:John J. Marsi6th Worcester1/14/2025Marcus S. Vaughn9th Norfolk2/11/2025Joseph D. McKenna18th Worcester2/11/2025Bradley H. Jones, Jr.20th Middlesex2/11/2025 1 of 2 HOUSE DOCKET, NO. 1422 FILED ON: 1/14/2025 HOUSE . . . . . . . . . . . . . . . No. 3183 By Representatives Marsi of Dudley and Berthiaume of Spencer, a petition (accompanied by bill, House, No. 3183) of John J. Marsi, Marcus S. Vaughn and others relative to tax increment financing (TIF). Revenue. The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act allow all towns and cities to use Tax Increment Financing (TIF) as an incentive for housing (residential rehab or commercial conversion). Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 SECTION 1. Section 3E of chapter 23A of the General Laws, as appearing in the 2022 2Official Editions, is hereby amended by striking out subsection (b) and replacing it with the 3following:- 4 (b) Tax increment financing may be offered by a municipality, in accordance with section 559 of chapter 40 of the General Laws, to the controlling business of a certified project, or to any 6person or entity undertaking a real estate project or to any person or entity expanding a facility in 7an area designated by the EACC as a TIF–eligible area. The EACC may designate an area as a 8TIF–eligible area if it finds, upon petition from the municipality, that there is a strong likelihood 9that any of the following will occur within the area in question within a specific and reasonably 10proximate period of time: (i) a significant influx or growth in business activity; (ii) the creation 11of a significant number of new jobs and not merely a replacement or relocation of current jobs 12within the commonwealth; (iii) a private project or investment that will contribute significantly 2 of 2 13to the resiliency of the local economy; or (iv) the conversion and rehabilitation of neglected, 14dilapidated, or underutilized building structures into useable dwelling units. 15 If a municipality offers tax increment financing to the owner of a certified project, the 16municipal project endorsement for the certified project shall include a fully executed copy of the 17tax increment financing agreement adopted pursuant to said section 59 of chapter 40. Any tax 18increment financing agreement shall be approved by the EACC before it shall be valid and 19enforceable. The EACC may approve a tax increment financing agreement pursuant to 20regulations adopted by the EACC. Any approval shall include a finding, reflected in the EACC's 21minutes, that the tax increment financing agreement complies with said section 59 of chapter 40 22and will further the public purpose of encouraging increased industrial capacity, commercial 23activity, and housing supply in the commonwealth.