Modifies provisions governing tax abatements in certain counties

HB 1099 modifies rules for tax abatements in redevelopment areas within certain counties. It requires municipalities to hold public hearings with specific notice periods for affected taxing districts before approving redevelopment plans or areas, and limits changes to plans during hearings without additional notice. The bill restricts tax revenue from redevelopment projects to funding only infrastructure like roads and sewers - not buildings - and mandates municipalities to report redevelopment boundaries, costs, and timelines to state agencies. These changes aim to increase transparency and accountability in how redevelopment tax incentives are implemented.