An act relating to the Town of Hartford’s tax increment financing district

This bill extends the Town of Hartford's tax increment financing district authority for three years starting March 31, 2021, and allows the town to keep additional tax revenue from municipal and education taxes until December 31, 2036. The legislation directly affects the Town of Hartford by modifying existing state laws to provide longer timeframes for the town to use special tax revenue for development projects. The changes take effect on July 1, 2023, and do not alter how much tax revenue can be retained, only the duration of the authority to incur debt and retain those funds.