An Act to Expand Opportunities to Invest Municipal Tax Increment Financing Revenues
Sponsored By: Anne-Marie Mastraccio (Democratic)
Became Law
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More local development funds for public safety
Municipalities and plantations can use more local tax‑increment dollars for public safety. They can spend up to 25% of a development district’s captured assessed value on building, renovating, or running public safety facilities. This includes facilities used as emergency shelters. The need must tie to general economic development in the community. The limit was 15% before. The law does not add new state money.
Sponsors & Cosponsors
Sponsor
Anne-Marie Mastraccio
Democratic • House
Cosponsors
Ann Fredericks
Republican • House
Daniel Ankeles
Democratic • House
David Rollins
Democratic • House
Drew Gattine
Democratic • House
Mark Blier
Republican • House
Matt A. Harrington
Republican • Senate
Suzanne Salisbury
Democratic • House
Timothy E. Nangle
Democratic • Senate
William Bridgeo
Democratic • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
ACTPUB Chapter 310
6/15/2025PASSED TO BE ENACTED, in concurrence.
6/2/2025SenatePASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
5/29/2025HouseReport READ and ACCEPTED, in concurrence.READ ONCE.Committee Amendment "A" (H-255) READ and ADOPTED, in concurrence.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (H-255), in concurrence.Ordered sent down forthwith.
5/28/2025SenateCONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-255).Sent for concurrence. ORDERED SENT FORTHWITH.
5/27/2025HouseCarried over, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.
3/21/2025HouseThe Bill was REFERRED to the Committee on TAXATION in concurrence
1/14/2025SenateCommittee on Taxation suggested and ordered printed. The Bill was REFERRED to the Committee on TAXATION.Sent for concurrence. ORDERED SENT FORTHWITH.
1/14/2025House
Bill Text
Amendment C-A (H-255), adopted by House & Senate
Enacted
Introduced
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