IN HB1603 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2023 - 25% progression, died in committee
Action: 2023-01-19 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Kosciusko County development area. Establishes the community development area board (board) in Kosciusko County. Establishes procedures for appointing members to the board. Allows the board to adopt a resolution establishing a community development area (tax area). Requires that the tax area include a facility or complex of facilities used by certain businesses in the medical industry. Requires the board 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 attributable to the tax area. Provides that a tax area terminates not later than 20 years after incremental tax revenues are first allocated to the tax area.

Tracking Information

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Title

Kosciusko County development area.

Sponsors


History

DateChamberAction
2023-01-19HouseFirst reading: referred to Committee on Ways and Means
2023-01-19HouseAuthored by Representative Snow

Subjects


Indiana State Sources


Bill Comments

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