enabling municipal support and incentives for residential flood resilience improvements.

HB 1273 creates "Flood Resilience Incentive Zones" (FRIZ) to help homeowners in flood-prone areas make resilience improvements. It allows municipalities to offer tax credits (minimum $100 annually), property tax relief, and low-cost loans for qualifying projects like elevating homes, installing flood barriers, using natural water management systems (e.g., bioswales), or upgrading electrical systems to reduce flood damage. Municipalities can also collect a fee of up to $0.50 per $1,000 property value to fund these initiatives through revolving funds. The bill directly affects residential property owners in designated FRIZ areas and gives local governments new tools to support flood mitigation.