SB 104

  • Indiana Senate Bill
  • 2025 Regular Session
  • Introduced in Senate
  • Senate
  • 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 general fund of the unit that established the commission to assist that unit in the payment of costs incurred for the provision of police, fire, and ambulance services within the allocation area.

Bill Sponsors (1)

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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
Introduced Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0104.01.INTR.FN001 PDF

Sources

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