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Bill Title: Taxing area for fire protection services. Authorizes the River Ridge Development Authority (authority) to create a taxing area within the boundaries of the authority to capture incremental sales tax and income tax to be transferred to the River Ridge fire protection fund (fund). Establishes the fund. Provides that, if a taxing area is established, the revenue from the taxing area shall be deposited in the fund to be used to provide for, or contract with other municipalities to provide for, fire protection for the authority. Provides that the authority shall administer the fund. Caps the total amount of state income taxes and sales taxes annually captured in the tax area at $1,200,000. Expires the tax area after 10 years.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-01-14 - First reading: referred to Committee on Tax and Fiscal Policy [SB0494 Detail]

Download: Indiana-2019-SB0494-Introduced.pdf

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