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Committee amends HB 626 to clarify TIF reimbursement for manufacturing zone land
Summary
A legislative committee adopted an amendment to HB 626 clarifying that tax increment financing revenue may reimburse land costs within a 21st-century manufacturing zone and that such a zone must be at least 50% of the tax increment district; the committee gave the bill a favorable report.
A legislative committee voted to adopt an amendment to HB 626 that clarifies how tax increment financing (TIF) may be used in a 21st-century manufacturing zone.
The bill presenter told the committee HB 626 was intended to resolve unclear language in an earlier 2012 act establishing a 21st-century manufacturing zone. The presenter said current law requires a zone to be "at least 50% the size of the tax increment district" and that the amendment would explicitly permit "TIF revenues" to reimburse the cost of land within the zone, including land acquired before the 2012 act.
Committee members moved to replace specified language on page two of the bill with text referencing the change and noting the amendment was "amended by act 2026-104 of the 2026 regular session." After a motion and second, members adopted the amendment by voice vote; no recorded opposition or roll-call tally was given in the transcript.
Following adoption of the amendment, a member moved that HB 626 receive a favorable report. The committee approved that motion by voice and the chair stated the bill had a favorable report.
The amendment broadens the statute’s express reimbursement authority for land costs tied to the manufacturing zone and clarifies the zone-size threshold relative to the tax increment district. The transcript does not record a roll-call vote or specify next procedural steps beyond the favorable report.
