HB0179 Summary

• Requires municipalities to print each taxing district affected by tax increment financing (TIF) revenues on property tax bills or separate statements mailed with bills.

• Strengthens "blighted area" definition by requiring that factors be present to a "meaningful extent" and "reasonably distributed" throughout the area, with documentation that public intervention is necessary to address each factor.

• Prohibits designating areas within existing redevelopment project areas as blighted areas under TIF programs.

• Requires municipalities to reevaluate blighted area designations every 10 years after initial adoption and either redesignate or discontinue the redevelopment project area based on current conditions.

• Limits municipalities from jointly undertaking TIF plans or utilizing revenues across contiguous redevelopment areas to property within one mile of the border where areas are contiguous (with exceptions for existing arrangements).