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Bill would let military-base TIF fund workforce housing, allow funds outside TIF boundary and extend bonding period
Summary
House Bill 3,333 would expand the military base tax increment financing statute to include workforce housing projects, permit local governments to use TIF funds outside the TIF boundary, and extend the bonding period from 15 to 35 years. The subcommittee moved the bill favorably after testimony from local government and business groups.
House Bill 3,333, sponsored by Representative Celeste Davis, would expand the definition of projects eligible under the military base tax increment financing (TIF) statute to include workforce housing, permit a local governing body to use TIF funds outside the defined TIF boundary, and extend the bonding period for military-base TIF from 15 years to 35 years.
Repres…
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