Bill Title: Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District or NOVA urban district. Sets forth the capital investment and job creation requirements to be certified as a NOVA urban district. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Contains provisions concerning megaproject incentive agreements.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced) 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB5556 Detail]

Text: Latest bill text (Introduced) [HTML]

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