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Housing and transit reinvestment zones let cities, counties, and public transit districts redirect a portion of future property tax growth near transit stations to help pay for affordable housing and transit-oriented development. For zones proposed at commuter rail stations specifically, this bill would tighten the rules by cutting the maximum share of each taxing entity's property tax growth that can be captured from 80% to 50%, shortening the maximum number of consecutive years that capture can occur on a given parcel from 25 to 15 years, and reducing the overall window during which that capture must take place from 45 to 30 years. It would also remove the current limit restricting these commuter rail zones to no more than three separate tax-collection trigger periods over their lifespan. These changes would apply only to future commuter rail housing and transit reinvestment zone proposals and would not affect the existing affordable housing, density, or other development requirements that already apply to these zones, nor would they change the separate rules that already govern light rail and bus rapid transit zones.