Tax increment financing provisions modified, various pooling provisions clarified, administrative expense limitations clarified, and application of violations and remedies expanded.
Eligibility modification for redevelopment districts
Tax increment financing; redevelopment districts eligibility modified, renewal and renovation districts repealed, and duration limits shortened.
Taxation and state government operations; various provisions modified, and money appropriated.
Increment tax financing districts eligible uses including transfers to local housing trust funds expansion provision
Eligible uses of increment from tax increment financing districts to include transfers to local housing trust funds expansion provision
Housing provisions modifications and appropriation
Use of tax increment from redevelopment districts to convert vacant or underused commercial or industrial buildings to residential purposes authorization and tax increment provisions modifications
Eligible uses of increment from tax increment financing districts expanded to include transfers to local housing trust funds, and requirements on use of transferred increment imposed.
Eligible uses of increment from tax increment financing districts expanded to include transfers to local housing trust funds, and requirements on use of transferred increment imposed.