Indiana Senate Bill 276 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 4 2018 - 25% progression, died in committee
Action: 2018-01-04 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Tax increment financing districts. Provides that if a redevelopment commission outside Marion County wishes to establish a tax increment financing (TIF) area after December 31, 2018, a unit (county, city, town, or township) or school corporation that is located wholly or partly within a proposed TIF area may elect whether to participate in the TIF area. Provides that after December 31, 2018, each taxing unit that is located wholly or partly in a TIF area is bound by the terms of the TIF area until the TIF area expires, except for those units and school corporations that do not elect

Tax increment financing districts. Provides that if a redevelopment commission outside Marion County wishes to establish a tax increment financing (TIF) area after December 31, 2018, a unit (county, city, town, or township) or school corporation that is located wholly or partly within a proposed TIF area may elect whether to participate in the TIF area. Provides that after December 31, 2018, each taxing unit that is located wholly or partly in a TIF area is bound by the terms of the TIF area until the TIF area expires, except for those units and school corporations that do not elect

Sen. Eric Bassler [R]

Date	Chamber	Action
2018-01-04	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2018-01-04	Senate	Authored by Senator Bassler

Type	Source
Summary	https://iga.in.gov/legislative/2018/bills/senate/276/details
Text	http://iga.in.gov/static-documents/f/0/2/e/f02e2705/SB0276.01.INTR.pdf