Budget & Taxes

This bill amends the Retail Incentive Act of 2004 to expand designated "Retail Priority Areas" in four specific neighborhoods: Mount Vernon Triangle, Eastern Market, Barracks Row, and Georgia Avenue. It updates the geographic boundaries for these areas to include new parcels and streets, making retail businesses in these zones eligible for incentives like tax credits and streamlined permitting. The changes take effect February 4, 2025, and require congressional review as an emergency amendment. This directly affects property owners and small retailers in those designated neighborhoods by expanding access to existing retail support programs.