HB 1874 — An Act amending the act of December 8, 2004 (P.L.1801, No.238), known as the Transit Revitalization Investment District Act, 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.

PRIOR PRINTER'S NO.

2328 THEPRINTER'S GENERALNO. ASSEMBLY OF PENNSYLVANIA HOUSE BILL Session of 2025 No.

INTRODUCED2419 BYTHE POWELL,GENERAL FREEMAN,ASSEMBLY HILL-EVANS,OF ABNEY,PENNSYLVANIA FRANKEL,HOUSE SANCHEZ,BILL WAXMAN,Session MAYES,of DEASY AND CIRESI, SEPTEMBER 22, 2025 REFERREDNo. TO COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT, SEPTEMBER 22, 2025 AN ACT Amending the act of December 8, 2004 (P.L.1801, No.238), entitled "An act empowering municipalities, counties and public transportation agencies to work cooperatively to establish Transit Revitalization Investment Districts (TRID), including partnerships with the National Railroad Passenger Corporation requiring planning studies, comprehensive plan and zoning amendments and use of existing statutes and techniques to achieve transit-oriented development, redevelopment, community revitalization and enhanced community character through TRID creation;

establishingINTRODUCED valueBY designatedPOWELL, incrementalFREEMAN, taxHILL-EVANS, revenuesABNEY, forFRANKEL, publicSANCHEZ, transportationWAXMAN, capitalMAYES, improvements,DEASY, relatedCIRESI, siteA. development improvements and maintenance;

BROWN, NEILSON AND KHAN, SEPTEMBER 22, 2025 AS AMENDED ON SECOND CONSIDERATION, HOUSE OF REPRESENTATIVES, OCTOBER 7, 2025 AN ACT Amending the act of December 8, 2004 (P.L.1801, No.238), entitled "An act empowering municipalities, counties and public transportation agencies to work cooperatively to establish Transit Revitalization Investment Districts (TRID), including partnerships with the National Railroad Passenger Corporation requiring planning studies, comprehensive plan and zoning amendments and use of existing statutes and techniques to achieve transit-oriented development, redevelopment, community revitalization and enhanced capture areas as a means to reserve and use future,hing value designated incremental tax revenues for public transportation capital improvements, related site development improvements and maintenance;

and providing for duties of the Department of Community and Economic Development," in value capture approaches, further providing for creation of value capture area.area AND PROVIDING FOR REDEVELOPMENT AUTHORITY USE OF <-- INCREMENTAL TAX REVENUE IN VALUE CAPTURE AREA.

SectionSECTION 2.

THE ACT IS AMENDED BY ADDING A SECTION TO READ:

<-- SECTION 701.1.

REDEVELOPMENT AUTHORITY USE OF INCREMENTAL TAX REVENUE IN VALUE CAPTURE AREA.

(A) USE OF REVENUES GENERALLY.--IF THE DESIGNATED MANAGEMENT ENTITY DEPOSITS INCREMENTAL REVENUES IN A SEPARATE TAX INCREMENT FUND FOR THE BENEFIT OF A REDEVELOPMENT AUTHORITY UNDER SECTION 701, THE REDEVELOPMENT AUTHORITY SHALL USE THE REVENUES WITHIN THE VALUE CAPTURE AREA.

20250HB1874PN2419 - 2 - (B) USE OF REVENUES AFTER TERMINATION OF TRID.--IF PARTICIPATING MUNICIPALITIES, SCHOOL DISTRICTS AND COUNTIES CONTINUE TO DEPOSIT A PORTION OF THE INCREMENTAL TAX REVENUE FROM THE VALUE CAPTURE AREA INTO THE SEPARATE TAX INCREMENT FUND FOR THE BENEFIT OF THE REDEVELOPMENT AUTHORITY AFTER THE TERMINATION OF A TRID UNDER SECTION 701, THE REDEVELOPMENT AUTHORITY SHALL USE THE REVENUES WITHIN THE VALUE CAPTURE AREA.

Section 2 3.

20250HB1874PN2328<-- 20250HB1874PN2419 - 23 -