IN HB1570 | 2015 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 20 2015 - 25% progression, died in committee
Action: 2015-01-20 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 20 2015 - 25% progression, died in committee
Action: 2015-01-20 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Use of TIF proceeds for public safety. Provides that a redevelopment commission outside Marion County may use tax increment finance (TIF) proceeds to pay expenses related to public safety or to make transfers of revenue to assist a county or municipality in paying such expenses, if the redevelopment commission by resolution makes a determination that paying the expenses or transferring the revenue will enhance redevelopment opportunities or economic development opportunities.
Title
Use of TIF proceeds for public safety. Provides that a redevelopment commission outside Marion County may use tax increment finance (TIF) proceeds to pay expenses related to public safety or to make transfers of revenue to assist a county or municipality in paying such expenses, if the redevelopment commission by resolution makes a determination that paying the expenses or transferring the revenue will enhance redevelopment opportunities or economic development opportunities.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-20 | House | First Reading: referred to Committee on Ways and Means |
| 2015-01-20 | House | Authored by Representative Smith V |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2015/bills/house/1570/details |
| Text | http://iga.in.gov/static-documents/9/8/2/e/982ee500/HB1570.01.INTR.pdf |
