Indiana House Bill 1368 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - First reading: referred to Committee on Local Government
Pending: House Local Government Committee
Text: Latest bill text (Introduced) [PDF]

Riverfront economic development tax area. Allows the legislative body of a city or a county without a consolidated city to adopt a resolution establishing a riverfront economic development tax area (tax area). Sets forth requirements for the location of the tax area. Requires the legislative body to make findings when adopting a resolution. Requires the legislative body to submit a resolution establishing a tax area to the budget committee and budget agency for review and approval. Allows a tax area to receive incremental state income tax revenue and incremental sales tax revenue attributable to the tax area. Requires a city or county that establishes a tax area to establish a riverfront economic development area fund. Provides that a tax area terminates not later than 25 years after the date on which the resolution establishing the tax area is adopted.

Riverfront economic development tax area.

Rep. Tonya Pfaff [D]

Rep. Chris Campbell [D]

Rep. Rita Fleming [D]

Rep. Sue Errington [D]

Date	Chamber	Action
2024-01-10	House	First reading: referred to Committee on Local Government
2024-01-10	House	Authored by Representative Pfaff
2024-01-10	House	Coauthored by Representatives Campbell, Fleming, Errington

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1368/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1368/HB1368.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1368/fiscal-notes/HB1368.01.INTR.FN001.pdf