SB 439 IN
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Summary
Provides that if a proposed redevelopment project area is not taxable at the time the allocation area is being established, any property taxes that would have been paid on undeveloped land shall be included in the base assessed value for purposes of determining property tax levy distributions to the appropriate local units.
Sponsor (1)
- Mike Bohacek Republican · author
Action history (2)
- Jan 13, 2025 Authored by Senator Bohacek · upper
- Jan 13, 2025 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
AGENCIES; Department of Local Government Finance (DLGF)ECONOMIC DEVELOPMENTLOCAL GOVERNMENT; GenerallyTAXES; Assessments, Notices, and PenaltiesTAXES; Property TaxesTAXES; Tax LeviesZONING AND PLANNING
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