SB 300 IN Passed One Chamber
Residential tax increment financing.
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Summary
Removes the threshold conditions for establishing a residential housing development program and a tax increment allocation area for the program, including the condition that the governing body of each school corporation affected by the program pass a resolution approving the program before the program may go into effect. Provides that the fiscal body of a county may adopt an ordinance to designate an economic development target area.
Sponsors (4)
- Linda Rogers Republican · author
- Travis Holdman Republican · author
- Brian Buchanan Republican · author
- Doug Miller Republican · sponsor
8 coauthors / cosponsors
- Scott Baldwin Republican · coauthor
- Mike Gaskill Republican · coauthor
- Jeff Raatz Republican · coauthor
- Liz Brown Republican · coauthor
- Blake Doriot Republican · coauthor
- Jon Ford · coauthor
- Dave Heine Republican · cosponsor
- Timothy O'Brien Republican · cosponsor
Action history (16)
- Jan 12, 2023 Authored by Senator Rogers · upper
- Jan 12, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
- Jan 19, 2023 Senator Holdman added as second author · upper
- Jan 24, 2023 Senator Buchanan added as third author · upper
- Jan 24, 2023 Senator Baldwin added as coauthor · upper
- Jan 24, 2023 Senator Gaskill added as coauthor · upper
- Jan 26, 2023 Committee report: do pass, adopted · upper
- Jan 26, 2023 Senator Raatz added as coauthor · upper
- Jan 30, 2023 Second reading: ordered engrossed · upper
- Feb 2, 2023 Third reading: passed; Roll Call 59: yeas 28, nays 19 · upper
- Feb 2, 2023 House sponsor: Representative Miller D · upper
- Feb 2, 2023 Cosponsors: Representatives Heine and O'Brien T · upper
- Feb 2, 2023 Senator Brown L added as coauthor · upper
- Feb 2, 2023 Senators Doriot and Ford Jon added as coauthors · upper
- Feb 3, 2023 Referred to the House · upper
- Feb 28, 2023 First reading: referred to Committee on Ways and Means · lower
Subjects
ECONOMIC DEVELOPMENT, Redevelopment and Renovation of Urban AreasHOUSINGPROPERTY TAXES, Credits and DeductionsSCHOOLS, Funds and Budgets
Text versions (2)
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