Authorizes special rules for the city of Plymouth regarding tax increment financing districts.

The bill allows the city of Plymouth to establish up to two redevelopment districts using tax increment financing, subject to special rules. These rules include deeming the district to meet certain statutory requirements, exempting it from specific provisions, and extending time periods for using tax increments. The authority to approve such districts expires on December 31, 2031. The provisions become effective once the city's governing body and chief clerical officer meet certain compliance requirements.

Authorizes special rules for the city of Plymouth regarding tax increment financing districts.

The bill allows the city of Plymouth to establish up to two redevelopment districts using tax increment financing, subject to special rules. These rules include deeming the district to meet certain statutory requirements, exempting it from specific provisions, and extending time periods for using tax increments. The authority to approve such districts expires on December 31, 2031. The provisions become effective once the city's governing body and chief clerical officer meet certain compliance requirements.