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Committee holds HTRZ amendment bill after questions on base‑year, triggers and convention‑center capture
Summary
Senate Bill 221, which clarifies Housing and Transit (HTRZ/CCRZ) rules — including base year definitions, a proposed cap of five triggers and clarifications for convention‑center reinvestment — was presented and discussed but the committee voted to hold the bill for further review amid concerns about potential expansion of tax‑increment capture and overlap with other bills.
Senator Harper presented Senate Bill 221 on March 3, describing it as a clarifying bill for Housing and Transit investment zones that standardizes definitions (including "extraterritorial affordable housing"), sets a base‑year trigger rule and limits the number of times a project area may trigger tax increment capture to five. The sponsor said most of the bill is intended to clean up operational details and enhance…
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