Pennsylvania HB 1874: An Act amending the act of June 25, 1982 (P.L.633, No.181), known as the Regulatory Review Act, further providing for definitions and for classification of documents.

Bill Text

PRIOR PRINTER'S NO. 2328 PRINTER'S NO. 2419
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1874
Session of
2025
INTRODUCED BY POWELL, FREEMAN, HILL-EVANS, ABNEY, FRANKEL,
SANCHEZ, WAXMAN, MAYES, DEASY, CIRESI, A. 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
community character through TRID creation; establishing value
capture areas as a means to reserve and use future,
designated incremental tax revenues for public transportation
capital improvements, related site development improvements
and maintenance; promoting the involvement of and
partnerships with the private sector in TRID development and
implementation; encouraging public involvement during TRID
planning and implementation; and providing for duties of the
Department of Community and Economic Development," 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.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 701 of the act of December 8, 2004
(P.L.1801, No.238), known as the Transit Revitalization
Investment District Act, is amended to read:
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Section 701. Creation of value capture area.
In conjunction with the formal establishment of the TRID
boundaries, a coterminous value capture area shall
simultaneously be created to enable local municipalities, school
districts, the county and the public transportation agency to
share the increased tax increment of real estate and other
designated tax revenues generated by new real estate investment
within the TRID. The participants in the TRID, through the
designated management entity, shall develop an administrative
and project schedule and budget to implement the project,
including future maintenance needs, as defined in the TRID
planning study, as well as the shares and use of the incremental
revenues as are projected to be generated from the TRID value
capture area. The designated management entity may deposit
incremental revenues in a separate tax increment fund for the
benefit of a redevelopment authority and to implement the TRID
planning study. After termination of the TRID, participating
municipalities, school districts and the county may continue to
deposit a portion of the incremental tax revenue from the value
capture area into the fund for the benefit of the redevelopment
authority. The participating municipality or municipalities may
review and revise the TRID budget.
SECTION 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.
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(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. This act shall take effect in 60 days.
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