Maryland HB135 expands the definition of development districts to include noncontiguous blighted areas, allowing for tax increment financing.

Maryland HB135 modifies the definition of "development district" to include noncontiguous blighted areas, enabling these areas to qualify for tax increment financing. This change allows political subdivisions to designate noncontiguous areas as development districts, facilitating economic development in previously ineligible zones. The bill also includes provisions for sustainable communities and RISE zones. The changes take effect October 1, 2026.

Maryland HB135 expands the definition of development districts to include noncontiguous blighted areas, allowing for tax increment financing.

Maryland HB135 modifies the definition of "development district" to include noncontiguous blighted areas, enabling these areas to qualify for tax increment financing. This change allows political subdivisions to designate noncontiguous areas as development districts, facilitating economic development in previously ineligible zones. The bill also includes provisions for sustainable communities and RISE zones. The changes take effect October 1, 2026.