SB 397 IN
Innovation development districts.
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Summary
Provides that before the state purchases more than 100 acres of land for economic development purposes, the state must give notice to the executive of each local unit in which the land is located. Provides that a school corporation that receives a portion of the aggregate percentage of incremental property tax revenue transferred may use those funds with no restrictions or specified uses.
Sponsor (1)
- Brian Buchanan Republican · author
Action history (2)
- Jan 19, 2023 Authored by Senator Buchanan · upper
- Jan 19, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
ECONOMIC DEVELOPMENT generallySCHOOLS, Funds and BudgetsTECHNOLOGYZONING AND PLANNING
Text versions (1)
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