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HB 1034 IN
Became Law

Tax increment financing.

IN · session 2022 · Assembly / House · bill

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

Introduced Jan 4, 2022

Latest action (Mar 8, 2022) Signed by the Governor

Summary

Provides that a lien resulting from an agreement between a redevelopment commission (commission) and a taxpayer in an allocation area takes priority over any existing or subsequent mortgage, other lien, or other encumbrance on the property, and must have parity with a state property tax lien under IC 6-1.1-22-13. Provides that a lien resulting from a taxpayer agreement will have the priority of real property taxes and may be enforced and collected in all respects as real property taxes. Provides that a commission, or two or more commissions acting jointly, may contract for marketing and advertising of land located in an allocation area. Imposes a limitation on the amount available to be spent on the marketing and advertising of land in an allocation area.

Sponsors (3)

Action history (19)

  1. Jan 4, 2022 Authored by Representative Torr · lower
  2. Jan 4, 2022 First reading: referred to Committee on Ways and Means · lower
  3. Jan 18, 2022 Committee report: amend do pass, adopted · lower
  4. Jan 20, 2022 Second reading: ordered engrossed · lower
  5. Jan 24, 2022 Senate sponsors: Senators Holdman and Mishler · lower
  6. Jan 24, 2022 Third reading: passed; Roll Call 56: yeas 92, nays 2 · lower
  7. Jan 25, 2022 Referred to the Senate · lower
  8. Feb 1, 2022 First reading: referred to Committee on Tax and Fiscal Policy · upper
  9. Feb 15, 2022 Committee report: amend do pass, adopted · upper
  10. Feb 21, 2022 Second reading: ordered engrossed · upper
  11. Feb 22, 2022 Third reading: passed; Roll Call 229: yeas 49, nays 0 · upper
  12. Feb 23, 2022 Returned to the House with amendments · upper
  13. Feb 28, 2022 Motion to concur filed · lower
  14. Mar 1, 2022 House concurred in Senate amendments; Roll Call 306: yeas 92, nays 1 · lower
  15. Mar 4, 2022 Signed by the Speaker · lower
  16. Mar 7, 2022 Signed by the President Pro Tempore · upper
  17. Mar 8, 2022 Signed by the President of the Senate · upper
  18. Mar 8, 2022 Public Law 46 · lower
  19. Mar 8, 2022 Signed by the Governor · executive
Subjects
LIENS AND ENCUMBRANCESLOANSPROPERTY TAXES generally

Text versions (4)

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.

  • Enrolled House Bill (H) · Mar 1, 2022 · PDF
  • Introduced House Bill (H) · Dec 30, 2021 · PDF
  • House Bill (H) · Jan 18, 2022 · PDF
  • House Bill (S) · Feb 15, 2022 · PDF

Full text

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Data from OpenStates. View on OpenStates →