SB 104

  • Indiana Senate Bill
  • 2025 Regular Session
  • Introduced in Senate
  • Passed Senate Feb 10, 2025
  • House
  • Governor

Residential tax increment financing.

Abstract

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.

Bill Sponsors (7)

Votes


Actions


Mar 03, 2025

House

First reading: referred to Committee on Ways and Means

  • Reading-1
  • Referral-Committee
Ways and Means

Feb 11, 2025

Senate

Referred to the House

Feb 10, 2025

Senate

Third reading: passed; Roll Call 83: yeas 46, nays 3

Senate

House sponsor: Representative Slager

Senate

Cosponsors: Representatives Olthoff and Aylesworth

Feb 06, 2025

Senate

Senator Randolph added as coauthor

Senate

Second reading: amended, ordered engrossed

Senate

Amendment #2 (Niemeyer) prevailed; voice vote

Jan 28, 2025

Senate

Senator Bohacek added as third author

Senate

Senator Dernulc added as second author

Senate

Committee report: do pass, adopted

Jan 08, 2025

Senate

Authored by Senator Niemeyer

Senate

First reading: referred to Committee on Tax and Fiscal Policy

  • Reading-1
  • Referral-Committee
Tax and Fiscal Policy

Bill Text

Bill Text Versions Format
Engrossed Senate Bill (H) PDF
Senate Bill (S) PDF
Introduced Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0104.03.ENGS.FN002 PDF
Fiscal Note: SB0104.03.ENGS.FN001 PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Indiana General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.