HB626 — Tax increment districts, Major 21st Century Manufacturing Zone allowed to be located within a tax increment district without regard to size of district and further provides for use of ad valorem tax revenues collected within a district

HB626 — Tax increment districts, Major 21st Century Manufacturing Zone allowed to be located within a tax increment district without regard to size of district and further provides for use of ad valorem tax revenues collected within a district · Informed CitizenryHouse Bill 626 modifies rules governing 'tax increment districts' (TIDs), which are areas designed to capture increased property value from new development to fund local infrastructure. Previously,…Open in Informed Citizenry