Investment Zones Amendments

Summary

The legislation creates a first home investment zone, a capital‑city revitalization zone, and a transportation reinvestment zone, and revises the rules for home‑ownership promotion zones in municipalities and counties. It lets certain zones capture portions of property‑tax and sales‑use‑tax increments, and sets specific size, density, and school‑proximity criteria for the housing zones. The changes aim to encourage new housing and infrastructure development in targeted areas.

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