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, 2018, a unit (county, city, town, or township) or school corporation that is located wholly or partly within a proposed TIF area may elect whether to participate in the TIF area. Provides that after December 31, 2018, each taxing unit that is located wholly or partly in a TIF area is bound by the terms of the TIF area until the TIF area expires, except for those units and school corporations that do not elect

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-01-04 - First reading: referred to Committee on Tax and Fiscal Policy [SB0276 Detail]

Text: Latest bill text (Introduced) [PDF]

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