Revise tax increment financing districts to exclude debt service and certain school levies
HB 451 revises how tax increment financing (TIF) is calculated for newly established targeted economic development districts and urban renewal areas. For districts created after the bill's effective date, it excludes several specific mill levies from the tax increment calculation. These exclusions include certain university system mills, a portion of elementary, high school, and state equalization mills, new voter-approved levies, and mills for general obligation bond debt service. This means that a larger share of the new property tax revenue generated in these areas would directly go to the affected taxing jurisdictions, rather than into the TIF fund.
Bill status
died
4 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
House Passage
Apr 2025
Senate Passage
Apr 2025
Governor
Introduced Feb 11, 2025
Last action May 22, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
HB0451_2(4).pdf
→
HB0451_2(5).pdf
·
1 edit
MINOR
The bill underwent minor formatting adjustments, primarily renumbering list items to correct a numbering error where two items were labeled with Roman numeral (VI) and Arabic numeral (vi). No substantive policy changes, funding amounts, eligibility criteria, or effective dates were altered.
TECHNICAL
List items were renumbered to fix a sequential error, changing a duplicate 'VI' to 'V' and adjusting subsequent numbers.
Floor votes · Senate Apr 25, 2025 · House Apr 29, 2025
How they voted
28–21
Passed · 1 other
Total votes 50
Apr 25, 2025
D
Democratic18
72% Nay
R
Republican32
71% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
42
Key actions
7
Committee
7
Amendments
1
Apr 29, 2025
House · Passed
House Vote: pass (58-42)
house
Apr 29, 2025
Lower · Passed
(H) Conference Committee Appointed
lower
Apr 25, 2025
Senate · Passed
Senate Vote: pass (28-21-1)
senate
Apr 25, 2025
Introduced
(S) Returned to House with Amendments
upper
Apr 16, 2025
Upper · Passed
(S) Committee Report - (S) Taxation
upper
Apr 16, 2025
Upper · Passed
(S) Committee Executive Action - (S) Taxation
upper
Mar 27, 2025
Committee
(S) Referred to Committee - (S) Taxation
upper
Feb 21, 2025
Lower · Passed
(H) Committee Report - (H) Taxation
lower
Feb 21, 2025
Lower · Passed
(H) Committee Executive Action - (H) Taxation
lower
Feb 12, 2025
Committee
(H) Referred to Committee - (H) Taxation
lower
Feb 11, 2025
Introduced
(H) Introduced
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Thane
DDemocratic
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