require a vote to approve the creation of certain tax increment financing districts.

Summary

The bill changes the rules for establishing Tax Increment Financing (TIF) districts, making them subject to a public vote. If a proposed district’s project costs exceed $15 million, a special election must be held. It affects local governing bodies and the voters in the affected jurisdictions.

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

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