Revise tax increment finance districts and targeted economic development districts

This bill (LC 4110) proposed revisions to rules governing tax increment finance (TIF) districts and targeted economic development districts, which are local tools used to fund public improvements by capturing future property tax growth. It aimed to update mechanisms for establishing, managing, and terminating these districts, directly affecting local governments and developers using these funding structures. The bill did not advance beyond the drafting stage, as it died in process on May 22, 2025, after multiple holds and resumptions. No concrete policy changes were enacted.