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SB 406 IN

Overlapping allocation areas.

IN · session 2022 · Senate · bill

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Introduced Jan 12, 2022

Latest action (Jan 12, 2022) First reading: referred to Committee on Tax and Fiscal Policy

Summary

Permits counties and municipalities in a case in which a municipality annexes an area in the county after the county has established a redevelopment district in that area to mutually approve the allocation of property tax proceeds derived from the municipality's component of the tax rate applied to the allocation area to be transferred to the redevelopment commission of the annexing municipality.

Sponsor (1)

Action history (2)
  1. Jan 12, 2022 Authored by Senator Baldwin · upper
  2. Jan 12, 2022 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
ANNEXATION OF TERRITORYPROPERTY TAXES generally

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced Senate Bill (S) · Jan 12, 2022 · PDF

Full text

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