Modernizes Chapter 40R by adjusting zoning incentive payments for smart growth and starter home zoning districts.
This bill amends Chapter 40R to modernize zoning incentive payments for smart growth and starter home zoning districts. It introduces a new payment schedule based on the projected units of new construction, ranging from $20,000 to $1,200,000. The payments are tied to housing costs per the Consumer Price Index and are effective for tax years beginning on or after January 1, 2026.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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