Indiana Senate Bill 186 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 4 2017 - 25% progression, died in committee
Action: 2017-01-12 - Senator Young, M. added as author
Pending: Senate Appropriations Committee
Text: Latest bill text (Amended) [PDF]

Tax increment financing in Marion County. Requires the Indianapolis metropolitan development commission to establish a new base assessed value beginning in 2018 for purposes of determining the incremental tax revenue for the Marion County airport economic development area. Specifies that the base assessed value must be set at the amount that will limit the incremental revenue to 150% of the debt service of the bonds denominated as series 2007 and 2007A as of January 1, 2017. (The base assessed value is used in determining revenue for other taxing units.)

Tax increment financing in Marion County. Requires the Indianapolis metropolitan development commission to establish a new base assessed value beginning in 2018 for purposes of determining the incremental tax revenue for the Marion County airport economic development area. Specifies that the base assessed value must be set at the amount that will limit the incremental revenue to 150% of the debt service of the bonds denominated as series 2007 and 2007A as of January 1, 2017. (The base assessed value is used in determining revenue for other taxing units.)

Sen. Michael Young [R]

Date	Chamber	Action
2017-01-12	Senate	Senator Young, M. added as author
2017-01-12	Senate	Senator Long removed as author
2017-01-12	Senate	Committee report: amend do pass adopted; reassigned to Committee on Appropriations
2017-01-04	Senate	First reading: referred to Committee on Rules and Legislative Procedure
2017-01-04	Senate	Authored by Senator Long

Type	Source
Summary	https://iga.in.gov/legislative/2017/bills/senate/186/details
Text	http://iga.in.gov/static-documents/7/7/5/d/775d99e3/SB0186.01.INTR.pdf
Text	http://iga.in.gov/static-documents/9/d/0/c/9d0ce075/SB0186.02.COMS.pdf
Text	http://iga.in.gov/static-documents/1/5/0/1/15018e72/SB0186.01.INTR.pdf