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PA HB1874
Bill
Status
10/8/2025
Primary Sponsor
Lindsay Powell
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AI Summary
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Amends the Transit Revitalization Investment District (TRID) Act to allow designated management entities to deposit incremental tax revenues into a separate tax increment fund for the benefit of a redevelopment authority
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Permits municipalities, school districts, and counties to continue depositing a portion of incremental tax revenue from value capture areas into the fund for redevelopment authorities even after TRID termination
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Requires redevelopment authorities receiving incremental revenues from the tax increment fund to use those revenues exclusively within the value capture area boundaries
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Applies the same geographic spending restriction to revenues deposited after a TRID has terminated
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Takes effect 60 days after enactment
Legislative Description
In value capture approaches, further providing for creation of value capture area and providing for redevelopment authority use of incremental tax revenue in value capture area.
Last Action
Referred to Finance
10/24/2025