Indiana Senate Bill 535 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 17 2017 - 25% progression, died in committee
Action: 2017-02-06 - Senator Taylor G added as second author
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Marion County CRED district. Provides that a community revitalization enhancement district (district) that is established in Marion County before May 1, 2017, may use captured tax revenue and funds from its industrial revenue fund to improve the value of real property in the district to be more suitable for residential development. Amends the definition of "qualified investment" for purposes of the community revitalization enhancement district tax credit to include a taxpayer's expenditures made on residential property in a district in Marion County established before May 1, 2017.

Marion County CRED district. Provides that a community revitalization enhancement district (district) that is established in Marion County before May 1, 2017, may use captured tax revenue and funds from its industrial revenue fund to improve the value of real property in the district to be more suitable for residential development. Amends the definition of "qualified investment" for purposes of the community revitalization enhancement district tax credit to include a taxpayer's expenditures made on residential property in a district in Marion County established before May 1, 2017.

Sen. Michael Delph [R]

Sen. Greg Taylor [D]

Date	Chamber	Action
2017-02-06	Senate	Senator Taylor G added as second author
2017-01-17	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2017-01-17	Senate	Authored by Senator Delph

Type	Source
Summary	https://iga.in.gov/legislative/2017/bills/senate/535/details
Text	http://iga.in.gov/static-documents/f/c/7/1/fc713843/SB0535.01.INTR.pdf