Tax credit for waterfront projects could boost developers
In waterfront development tax credit, further providing for waterfront development organizations, for waterfront development projects, for tax credit and for limitations. · Introduced as of 2026-01-09
Bad for everyday people — on our 1–10 scale, 1 hurts and 10 helps.
What it does
The bill would give developers a tax break for building on the water, shifting money from taxpayers to those projects.
What it means for you
Citizens should watch this bill because it could reduce state revenue and give an advantage to waterfront developers, while ordinary people see no direct benefit.
Who it's for
Waterfront Development
Why it scores 2/10 — the receipts
- Accountability (hurts) — Reduces oversight of developer benefits. Tax credit is granted without added reporting requirements
- Rights & Protections (neutral) — No direct impact on personal rights. Bill does not change individual legal protections
- Who Bears the Cost (hurts) — Shifts cost to taxpayers. State revenue is reduced to fund the credit
- Process Transparency (neutral) — No new transparency measures. Bill does not require public disclosure beyond standard
- Funding Tilt (hurts) — Favors developers over general budget. Provides financial advantage to waterfront projects
Follow the money
Pushing for it: Developers
Bearing the cost: Taxpayers
Who's behind it
Democrat-sponsored (0R / 16D)