IN SB0372 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 13 2020 - 25% progression, died in committee
Action: 2020-01-13 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2020 - 25% progression, died in committee
Action: 2020-01-13 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Taxes for public safety in allocation areas. Provides that property tax proceeds in a tax increment financing allocation area established after April 30, 2020, that are attributable to the portion of the assessed value that represents the percentage of property tax revenue that was budgeted by taxing units for police or fire services in the allocation area immediately preceding the effective date of the allocation provision shall be allocated and paid into the funds of those respective taxing units. Makes corresponding changes.
Title
Taxes for public safety in allocation areas.
Sponsors
| Sen. James Buck [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-13 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
| 2020-01-13 | Senate | Authored by Senator Buck |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2020/bills/senate/372/details |
| Text | http://iga.in.gov/static-documents/7/f/f/9/7ff92319/SB0372.01.INTR.pdf |
