SB0104: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Page last updated: Sunday, April 20, 2025 at 7:44 PM (America/Indianapolis).

General Information

• Stage: Engrossed Senate Bill (H)
• Current Chamber: house
• Origin Chamber: senate
• Description: Residential tax increment financing.

Legislators

Actions (13 total)

• Mar 3, 2025, 11:30 AM: First reading: referred to Committee on Ways and Means
• Feb 11, 2025, 10:42 AM: Referred to the House
• Feb 10, 2025, 9:41 AM: Cosponsors: Representatives Olthoff and Aylesworth
• Feb 10, 2025, 9:41 AM: House sponsor: Representative Slager
• Feb 10, 2025, 9:34 AM: Third reading: passed; Roll Call 83: yeas 46, nays 3
• Feb 6, 2025, 1:23 PM: Senator Randolph added as coauthor
• Feb 6, 2025, 9:41 AM: Second reading: amended, ordered engrossed
• Feb 6, 2025, 9:41 AM: Amendment #2 (Niemeyer) prevailed; voice vote
• Jan 28, 2025, 11:01 AM: Senator Bohacek added as third author
• Jan 28, 2025, 11:01 AM: Senator Dernulc added as second author
• Jan 28, 2025, 9:16 AM: Committee report: do pass, adopted
• Jan 8, 2025, 10:20 AM: First reading: referred to Committee on Tax and Fiscal Policy
• Jan 8, 2025, 10:20 AM: Authored by Senator Niemeyer

Digest

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.