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Committee approves extending metropolitan redevelopment area tax abatement from 7 to up to 14 years
House Commerce and Economic Development Committee, House of Representatives · February 9, 2026
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Summary
The committee voted 11–0 to support SB58, which would allow metropolitan redevelopment areas (MRAs) to extend property tax abatement periods from seven years to up to 14, aiming to encourage investment and project feasibility in blighted or underutilized districts.
The committee advanced SB58, a bill that would allow metropolitan redevelopment area (MRA) property tax abatements to extend from the current seven years to as long as 14 years.
The senator presenting SB58 told the committee the change does not alter the structure of MRAs but lengthens the abatement period…
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