Bill Text: IN SB0389 | 2016 | Regular Session | Introduced
Bill Title: 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, 2016, a taxing unit that is located wholly or partly within a proposed TIF area may elect whether to participate in the TIF area. If a taxing unit elects to participate in a proposed TIF area, the taxing unit is bound by the terms of the TIF area until the TIF area expires.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-01-12 - First reading: referred to Committee on Appropriations [SB0389 Detail]
Download: Indiana-2016-SB0389-Introduced.pdf