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MD SB287
Bill
AI Summary
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Authorizes local governments to designate noncontiguous areas as development districts for tax increment financing (TIF), expanding beyond the current requirement that development districts be contiguous
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Defines "blighted area" as an area where the majority of buildings have declined in productivity due to obsolescence, depreciation, or other causes to the extent they no longer justify fundamental repairs
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Extends TIF authority for noncontiguous blighted areas to Baltimore City, which is otherwise generally exempt from the state's TIF subtitle
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Requires governing bodies to pass a resolution designating noncontiguous blighted areas as development districts before issuing TIF bonds
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Takes effect October 1, 2026
Legislative Description
Economic Development - Tax Increment Financing - Noncontiguous Areas
Commerce and Business
Last Action
Referred Economic Matters
2/20/2026