SB0494: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 8:01 PM (America/Indianapolis).
General Information
- Stage: Introduced Senate Bill (S)
- Current Chamber: senate
- Origin Chamber: senate
- Description: State and local tax capture areas.
Legislators
Coauthors (0)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (3 total)
- Feb 4, 2025, 12:17 PM: Senator Niezgodski added as second author
- Jan 14, 2025, 5:59 AM: First reading: referred to Committee on Appropriations
- Jan 14, 2025, 5:59 AM: Authored by Senator Mishler
Digest
Amends provisions concerning the designation of an innovation development district to add certain qualification requirements (grandfathers in those districts established under current law). Requires the Indiana economic development corporation to establish a maximum sales tax increment amount and state income tax increment amount that may be allocated for each innovation development district, which may not exceed a specified amount per state fiscal year. Adds related procedural provisions. Makes conforming changes.