IN SB0405 | 2013 | Regular Session
Status
January 10 2013 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that a redevelopment commission of a municipality may provide revenue to a public transportation corporation from property tax proceeds allocated to the redevelopment commission in a tax increment financing area. Limits the amount of revenue to the amount of property tax revenue received by the redevelopment commission that is attributable to the public transportation corporation's tax rate. Requires a joint public hearing of the municipality's legislative body and the redevelopment commission and the adoption of substantially similar authorizing resolutions.
Title
Public transportation corporation funding.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-10 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
| 2013-01-10 | Senate | Authored by Senator Banks |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2013&session=1&request=getBill&doctype=SB&docno=0405 |
| Text | http://www.in.gov/legislative/bills/2013/IN/IN0405.1.html |
