HB1511: A BILL FOR AN ACT to amend the Indiana Code concerning local government.

Page last updated: Sunday, April 20, 2025 at 7:28 PM (America/Indianapolis).

General Information

• Stage: Introduced House Bill (H)
• Current Chamber: house
• Origin Chamber: house
• Description: Riverfront economic development tax area.

Legislators

Actions (3 total)

• Jan 21, 2025, 8:39 AM: First reading: referred to Committee on Ways and Means
• Jan 21, 2025, 8:39 AM: Authored by Representative Pfaff
• Jan 21, 2025, 8:39 AM: Coauthored by Representative Miller K

Digest

Allows the legislative body of a city or a county without a consolidated city to adopt a resolution establishing a riverfront economic development tax area (tax area). Sets forth requirements for the location of the tax area. Requires the legislative body to make findings when adopting a resolution. Requires the legislative body to submit a resolution establishing a tax area to the budget committee and budget agency for review and approval. Allows a tax area to receive incremental state income tax revenue and incremental sales tax revenue attributable to the tax area. Requires a city or county that establishes a tax area to establish a riverfront economic development area fund. Provides that a tax area terminates not later than 25 years after the date on which the resolution establishing the tax area is adopted.