Plymouth tax increment financing special rules authorization

This bill allows the city of Plymouth to establish up to two tax increment financing (TIF) districts within its city center district (as defined in the 2024 zoning map). It modifies standard TIF rules by automatically meeting certain requirements, exempting the districts from a specific state rule, and extending two key time periods: the initial planning period from five to ten years and the post-expiration use period from five to eleven years. The bill directly affects Plymouth's local government and future redevelopment projects in the designated city center area. The authority to create these districts expires December 31, 2031.