AN ACT PROHIBITING THE USE OF EMINENT DOMAIN FOR CERTAIN COMMERCIAL PURPOSES.

HB 7143 prohibits redevelopment agencies and municipalities from using eminent domain to acquire private property primarily to increase local tax revenue or generate income for private entities. The bill amends statutes to require that redevelopment plans must not serve these commercial purposes, explicitly banning acquisitions "for the primary purpose of increasing local tax revenue or any purpose that produces income from such real property for a private entity." It directly affects redevelopment agencies, municipalities seeking to acquire property for commercial projects, and private developers involved in such plans, requiring them to demonstrate that eminent domain use is necessary for public benefit rather than private gain. The law takes effect October 1, 2025, for property acquired on or after that date.