Relating to: tax incremental financing districts containing qualified data centers. (FE)

AB 228 creates specific provisions for tax incremental financing (TIF) districts that contain qualified data centers, affecting local legislative bodies and data center developers. It exempts these "data center districts" from a 12 percent limit findings requirement when being created or having their project plans amended, provided all project costs are related to the data center. However, a project plan for such an excepted data center district cannot later be amended to include costs unrelated to the data center. Additionally, the value increment from these excepted data center districts cannot be included when calculating the 12 percent limit for other TIF districts.