IndianaResidential tax increment financing.
What it does
Provides, in the case of an allocation provision adopted after June 30, 2025, for a residential housing development program, that the redevelopment commission (commission) shall annually transfer at least 5% of the aggregate allocated tax proceeds from the allocation area to the unit that established the commission. Specifies that the unit must use the revenue for police and fire services that serve the allocation area.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 3First reading: referred to Committee on Ways and MeansLatest
- Feb 11Referred to the HouseMinor
- Feb 10House sponsor: Representative Slager
- Vote recorded SB 104 - Niemeyer - 3rd Reading. Result: pass.Upper
- Feb 10Cosponsors: Representatives Olthoff and Aylesworth
- Feb 10Third reading: passed; Roll Call 83: yeas 46, nays 3Passed Senate
- Feb 6Amendment #2 (Niemeyer) prevailed; voice voteMajor
- Feb 6Senator Randolph added as coauthor
- Feb 6Second reading: amended, ordered engrossedMinor
- Jan 28Senator Bohacek added as third author
- Jan 28Senator Dernulc added as second author
- Jan 28Committee report: do pass, adoptedMinor
- Jan 8First reading: referred to Committee on Tax and Fiscal PolicyMinor
- Jan 8Authored by Senator NiemeyerIntroduced