The bill amends the Commercial Redevelopment Act by updating the expiration date for new exemptions. Specifically, it states that no new exemptions will be granted after December 31, 2030, replacing the previous deadline of December 31, 2025.

Additionally, the bill clarifies that any exemptions that are already in effect as of the new deadline will continue until the expiration of their respective exemption certificates, ensuring that existing benefits are maintained for current projects.

Statutes affected:
House Introduced Bill: 207.668