In CommitteeFiled Feb 6, 2026
Sponsor: Jay Hoffman
Latest Action
Rule 19(a) / Re-referred to Rules Committee
Mar 27, 2026
Summary
HB 5500 changes state law so that a municipality can give a partial property‑tax abatement when a parcel lies inside both an enterprise zone and a Tax Increment Financing redevelopment area. The bill protects businesses that have already received abatements and ensures any tax not abated stays subject to the redevelopment financing agreement. It also treats certain local hotel taxes as local taxes for the Statewide Innovation Development and Economy Act.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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