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.

PRINTER'S NO.   2328

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                         HOUSE BILL
                         No. 1874
                                               Session of
                                                 2025

     INTRODUCED BY POWELL, FREEMAN, HILL-EVANS, ABNEY, FRANKEL,
        SANCHEZ, WAXMAN, MAYES, DEASY AND CIRESI, SEPTEMBER 22, 2025

     REFERRED TO COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT,
        SEPTEMBER 22, 2025


                                    AN ACT
 1   Amending the act of December 8, 2004 (P.L.1801, No.238),
 2      entitled "An act empowering municipalities, counties and
 3      public transportation agencies to work cooperatively to
 4      establish Transit Revitalization Investment Districts (TRID),
 5      including partnerships with the National Railroad Passenger
 6      Corporation requiring planning studies, comprehensive plan
 7      and zoning amendments and use of existing statutes and
 8      techniques to achieve transit-oriented development,
 9      redevelopment, community revitalization and enhanced
10      community character through TRID creation; establishing value
11      capture areas as a means to reserve and use future,
12      designated incremental tax revenues for public transportation
13      capital improvements, related site development improvements
14      and maintenance; promoting the involvement of and
15      partnerships with the private sector in TRID development and
16      implementation; encouraging public involvement during TRID
17      planning and implementation; and providing for duties of the
18      Department of Community and Economic Development," in value
19      capture approaches, further providing for creation of value
20      capture area.
21      The General Assembly of the Commonwealth of Pennsylvania
22   hereby enacts as follows:
23      Section 1.    Section 701 of the act of December 8, 2004
24   (P.L.1801, No.238), known as the Transit Revitalization
25   Investment District Act, is amended to read:
26   Section 701.    Creation of value capture area.
 1      In conjunction with the formal establishment of the TRID
 2   boundaries, a coterminous value capture area shall
 3   simultaneously be created to enable local municipalities, school
 4   districts, the county and the public transportation agency to
 5   share the increased tax increment of real estate and other
 6   designated tax revenues generated by new real estate investment
 7   within the TRID. The participants in the TRID, through the
 8   designated management entity, shall develop an administrative
 9   and project schedule and budget to implement the project,
10   including future maintenance needs, as defined in the TRID
11   planning study, as well as the shares and use of the incremental
12   revenues as are projected to be generated from the TRID value
13   capture area. The designated management entity may deposit
14   incremental revenues in a separate tax increment fund for the
15   benefit of a redevelopment authority and to implement the TRID
16   planning study. After termination of the TRID, participating
17   municipalities, school districts and the county may continue to
18   deposit a portion of the incremental tax revenue from the value
19   capture area into the fund for the benefit of the redevelopment
20   authority. The participating municipality or municipalities may
21   review and revise the TRID budget.
22      Section 2.   This act shall take effect in 60 days.




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