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SB 300 IN
Passed One Chamber

Residential tax increment financing.

IN · session 2023 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 12, 2023

Latest action (Feb 28, 2023) First reading: referred to Committee on Ways and Means

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)

8 coauthors / cosponsors

Action history (16)

  1. Jan 12, 2023 Authored by Senator Rogers · upper
  2. Jan 12, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
  3. Jan 19, 2023 Senator Holdman added as second author · upper
  4. Jan 24, 2023 Senator Buchanan added as third author · upper
  5. Jan 24, 2023 Senator Baldwin added as coauthor · upper
  6. Jan 24, 2023 Senator Gaskill added as coauthor · upper
  7. Jan 26, 2023 Committee report: do pass, adopted · upper
  8. Jan 26, 2023 Senator Raatz added as coauthor · upper
  9. Jan 30, 2023 Second reading: ordered engrossed · upper
  10. Feb 2, 2023 Third reading: passed; Roll Call 59: yeas 28, nays 19 · upper
  11. Feb 2, 2023 House sponsor: Representative Miller D · upper
  12. Feb 2, 2023 Cosponsors: Representatives Heine and O'Brien T · upper
  13. Feb 2, 2023 Senator Brown L added as coauthor · upper
  14. Feb 2, 2023 Senators Doriot and Ford Jon added as coauthors · upper
  15. Feb 3, 2023 Referred to the House · upper
  16. 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)

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.

  • Senate Bill (S) · Jan 26, 2023 · PDF
  • Introduced Senate Bill (S) · Jan 12, 2023 · PDF

Full text

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