An Act To Expand Opportunities To Invest Municipal Tax Increment Financing Revenues

This bill expands how Maine municipalities and plantations can use tax increment financing (TIF) revenues. It allows up to 15% of captured tax revenue to fund construction or renovation of public safety facilities (including emergency shelters) and central administrative offices, provided these projects support local economic development. Specifically, it increases flexibility for municipal offices (up to 50% of capital costs) and clarifies eligibility for public safety facilities tied to economic growth. These changes apply only to existing TIF districts and do not create new funding. The bill directly affects local governments managing TIF programs under Maine law.