HB 1175 – Mitigation Banking
On Tuesday, March 18, HB 1175 by Representative Wyman Duggan (R-Jacksonville) was heard by the House Natural Resources & Disasters Subcommittee and was reported favorably with 12 yeas and 3 nays. AIF stood in support of this legislation.
HB 1175 expands laws passed by the legislature in 2024 that provided credits for environmental mitigation projects. The proposed legislation would allow state agencies who govern mitigation credits to offer credits outside the service area of authorized mitigation banks. This is a resource already available at the federal level.
HB 1175 will now go to the House Agriculture & Natural Resources Budget Subcommittee for consideration.
AIF supports legislation that expands access to water quality mitigation projects. These measures would allow businesses to operate effectively while working alongside regulators on lands/waterways categorized as mitigation banks.