Incent Development Finance District Funding

Where it is in the process

Plain-English Summary

This bill creates a new property tax exclusion for qualified new construction in designated "incentive districts." Builders can receive a 90% property tax exclusion on new homes they are holding for sale within these districts for up to 10 years or until the property is sold. Local governments can designate these districts, which cannot exceed 5% of their total land area, with approval from county commissioners if the district is within a municipality.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 2 Sponsors

Democrat0Republican2Independent0Other0

R · PrimeMichael Lazzara
R · PrimeTodd Johnson

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