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HB1164Introduced in the House

Tax increment financing districts.

IntroducedHouse Ways and Means

Introduced by Elizabeth Rowray, District 35

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Tax increment financing districts. Provides that a redevelopment commission may use money from certain funds for the purpose of retiring debt service earlier. Provides that a redevelopment commission making accelerated debt payments may retain the assessed value associated with the original debt service schedule. Requires a redevelopment commission to include an invitation to overlapping taxing units to participate in the hearing regarding a proposed redevelopment project. Allows a redevelopment commission to expend money for the maintenance of an infrastructure project within a tax increment financing district if: (1) the infrastructure project was originally funded or supported by tax increment financing funds; and (2) the use of the funds is limited to the remaining life of the project. Allows a redevelopment commission to share tax increment finance district revenue with certain local economic development organizations under certain conditions.

Where it stands

First reading: referred to Committee on Ways and Means

January 5, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

Bill history

  1. Authored by Representative Rowray

  2. First reading: referred to Committee on Ways and Means

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