require notification of property owners prior to the establishment of a tax increment financing district.

HB 1075 requires local governing bodies to provide written notice to property owners at least 10 days before establishing a tax increment financing (TIF) district. The notice must inform owners their property is within the proposed district boundaries and state the intended establishment date. This bill directly affects property owners in areas where TIF districts are being considered. It adds a procedural requirement to existing law, ensuring owners receive advance notice before a TIF district is created, without changing how TIF districts operate or their financial mechanisms.