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House Finance hears bill tightening rules for local tax-increment financing
Summary
Staff and the prime sponsor described substitute HB 2,451 as a negotiated update to the state's tax-increment financing (TIF) law that adds conditions on which parcels may be included in increment areas, requires expanded project analyses and impact mitigation, and preserves prior TIFs established before June 2, 2026.
House Finance Committee members heard briefing and testimony on substitute House Bill 2,451 on Feb. 6, 2026, a measure that would add procedural and substantive conditions to local tax-increment financing (TIF) designations.
Elizabeth Friend, staff to the Local Government Committee, told the committee the bill would bar an ordinance from including areas inside a proposed increment area that already have the public improvements required by private development unless the local government demonstrates the listed public improvements are necessary for private projects currently under construction or with permit applications. The bill also sets an earlier termination of an increment area either 25 years after first tax-allocation revenue collection or when tax-allocation revenues reach a maximum amount…
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