HB 5451

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 5451 modifies the Tax Increment Financing Act to include residence homesteads of legacy homeowners in reinvestment zones. It increases the allowable percentage of residential property in such zones from 30% to 40% and creates a reinvestment zone stability program to prevent homeowner displacement by providing payments to eligible residents.
Author (1)
View Bill Text and Status