In CommitteeFiled Feb 6, 2026
Sponsor: Bill Cunningham
Latest Action
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
Summary
The bill lets cities and towns that have created an enterprise zone and a Tax Increment Financing (TIF) redevelopment area overlap to offer a partial reduction of property taxes for those overlapping properties. It also clarifies that certain local hotel taxes count as local taxes for the Statewide Innovation Development and Economy Act, which governs STAR bond projects. This aims to encourage development while preserving the revenue needed for TIF bonds.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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