IN SB0406 | 2022 | Regular Session

Indiana Senate Bill 406 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-01-12 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Overlapping allocation areas. Permits counties and municipalities in a case in which a municipality annexes an area in the county after the county has established a redevelopment district in that area to mutually approve the allocation of property tax proceeds derived from the municipality's component of the tax rate applied to the allocation area to be transferred to the redevelopment commission of the annexing municipality.

Title

Overlapping allocation areas.

History

Date	Chamber	Action
2022-01-12	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2022-01-12	Senate	Authored by Senator Baldwin

Indiana State Sources

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/senate/406/details
Text	http://iga.in.gov/static-documents/3/5/8/0/358023c8/SB0406.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/4/0/3/8/40387bde/SB0406.01.INTR.FN001.pdf