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

Summary

The bill permits a designated manufacturing zone to be located within a tax increment district regardless of the district’s size. It also authorizes the zone to use ad valorem tax revenues collected in that district. The amendment expands the list of qualifying industries to include shipbuilding, medical, pharmaceutical, semiconductor, computer, and aviation sectors.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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