SB0439: A BILL FOR AN ACT to amend the Indiana Code concerning local government.
Page last updated: Sunday, April 20, 2025 at 7:56 PM (America/Indianapolis).
General Information
- Stage: Introduced Senate Bill (S)
- Current Chamber: senate
- Origin Chamber: senate
- Description: Tax increment financing.
Legislators
Authors (1)
Coauthors (0)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (2 total)
- Jan 13, 2025, 7:04 AM: First reading: referred to Committee on Tax and Fiscal Policy
- Jan 13, 2025, 7:04 AM: Authored by Senator Bohacek
Digest
Provides that if a proposed redevelopment project area is not taxable at the time the allocation area is being established, any property taxes that would have been paid on undeveloped land shall be included in the base assessed value for purposes of determining property tax levy distributions to the appropriate local units.