HB 1511 IN

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Allows the legislative body of a city or a county without a consolidated city to adopt a resolution establishing a riverfront economic development tax area (tax area). Sets forth requirements for the location of the tax area. Requires the legislative body to make findings when adopting a resolution. Requires the legislative body to submit a resolution establishing a tax area to the budget committee and budget agency for review and approval. Allows a tax area to receive incremental state income tax revenue and incremental sales tax revenue attributable to the tax area. Requires a city or county that establishes a tax area to establish a riverfront economic development area fund. Provides that a tax area terminates not later than 25 years after the date on which the resolution establishing the tax area is adopted.

• Tonya Pfaff Democratic · author

1. Jan 21, 2025 Coauthored by Representative Miller K · lower
2. Jan 21, 2025 First reading: referred to Committee on Ways and Means · lower
3. Jan 21, 2025 Authored by Representative Pfaff · lower