CT HB06527

Extends tax incremental financing eligibility to projects located in enterprise corridor zones designated under section 32-80, in addition to existing information technology and remediation projects.

Removes the July 1, 2012 sunset provision that would have terminated new project commitments under the Connecticut Development Authority tax incremental financing programs (sections 32-23zz and 32-285).

Establishes a new municipal property tax incremental financing program allowing municipalities with enterprise corridor zones to designate municipal development districts where incremental property taxes from commercial projects can repay loans for authorized improvements.

Adds priority consideration for tax incremental financing projects located in areas designated as enterprise corridor zones.

Expands enterprise zone benefits eligibility to include specific commercial properties in Bristol (three census tracts) and Plainville (three designated areas totaling 128 acres of industrial and technology park zoned land).