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Conference committee members outline $200 million cap and 2035 sunset for CHIP and TIF
Summary
Members of the Senate–House conference committee on S127 said May 30 they planned to propose a package that includes a $200 million cap, staggered increment-retention rates, and a 2035 sunset for both CHIP and TIF, and that they were prepared to sign a document while some members sought quick confirmation from colleagues.
Conference committee members negotiating the Senate–House conference committee on S127 said May 30 they would propose a package that includes a $200,000,000 cap, increment-retention rates of 75% and 85%, and a 2035 sunset for both CHIP and TIF, and that they were prepared to sign a document reflecting those terms.
The proposal matters because it would set a hard cap on the program funds and align sunset dates for two programs. Conference committee member 1, a member of the Senate–House conference committee, summarized the package and said the group was prepared to sign: "That is a $200,000,000 cap, the increment retention at $75.85, a $20.35 sunset both chip and TIF, the affordable exception or but 4, but not the mixed, and the 10 year report back, that is a what we are proposing to you, and we have a document, and we are prepared to sign." The language in that quote reflects the speaker's wording in the committee record.
Committee members debated whether the cap had already been agreed. Allison, conference committee member, said her understanding was that negotiators had "forewent getting rid of the TIF sunset and agreed to align TIF and chip sunset in 2035." Other members said their last best offer had included no cap and that a later exchange introduced the $200 million limit; the record shows a lack of complete agreement before the latest recap.
The package as recapped in the meeting included these elements mentioned by speakers: a $200 million cap; increment retention at roughly 75% and 85% (participants referenced both figures); a sunset year of 2035 for both CHIP and TIF; an "affordable" exception included in the proposal but not an exclusion for middle-income or mixed-income projects; and a 10-year report-back requirement on percentages. The transcript records discussion but does not show a formal vote or final, signed agreement in the meeting itself.
Participants also discussed next steps for finalizing the document. Conference committee member 1 said the group had a document and was "prepared to sign." Other members proposed conferring quickly with two named colleagues — Kaysha and Chris — before moving forward; Allison offered to call them for a short conference. A nearby room, the Madeline Room, was identified as a place where members could continue the discussion off the live record.
No formal motion, roll-call vote, or final adoption was recorded in the transcript. The committee discussion therefore remains a negotiation recap and a proposed package rather than a completed legislative action.
Looking ahead, members said they would confer quickly and return to the group; the transcript ends with plans to go offline to continue the discussion and to return when the smaller group was ready.
