HB 1244 IN

Tax increment financing.

IN · session 2026 · Assembly / House · bill

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Introduced Jan 5, 2026

Latest action (Jan 5, 2026) First reading: referred to Committee on Ways and Means

Summary

Provides that 10% of the excess property tax proceeds collected in an allocation area must be allocated among school corporations, libraries, and taxing units that provide police services, fire protection, emergency medical service, or public safety services in the allocation area.

Sponsor (1)

Randy Novak Democratic · author

Action history (2)

Jan 5, 2026 Authored by Representative Novak · lower
Jan 5, 2026 First reading: referred to Committee on Ways and Means · lower

Subjects

FIREFIGHTERS; Fire Departments and DistrictsHEALTH; Emergency Medical Services (EMS)HOMELAND SECURITY; GenerallyLAW ENFORCEMENT; GenerallyLIBRARIES; GenerallySCHOOLS; GenerallyTAXES; Property TaxesTAXES; Tax Increment Financing (TIF)

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