IN HB1134 | 2020 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2020-01-16 - Representative Macer added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2020-01-16 - Representative Macer added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Residential housing development program. Defines "residential housing" as housing or workforce housing that consists of single family dwelling units sufficient to secure quality housing in reasonable proximity to employment. Revises the requirements an allocation area must meet for the redevelopment commission to establish a program for housing. Allows the redevelopment commission of a consolidated city to establish a program for residential housing development and a tax increment funding allocation area for the program if the average of new, residential houses constructed in the consolidated city in each of the preceding three years is less than 1% of the total number of residential houses located in the consolidated city. Requires the department of local government finance, in cooperation with the appropriate agency of the consolidated city, to determine eligibility for the program. Specifies the findings the redevelopment commission must make before adopting the residential housing development program. Provides that all of the rights, powers, privileges, and immunities that may be exercised by the redevelopment commission in blighted, deteriorated, or deteriorating areas may be exercised by the redevelopment commission in implementing its program for residential housing development, including levying a special tax, issuing bonds, or entering into leases and allocating incremental property tax revenue.
Title
Residential housing development program.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-01-16 | House | Representative Macer added as coauthor |
2020-01-08 | House | First reading: referred to Committee on Ways and Means |
2020-01-08 | House | Coauthored by Representative Pressel |
2020-01-08 | House | Authored by Representative Moed |
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2020/bills/house/1134/details |
Text | http://iga.in.gov/static-documents/d/a/b/b/dabb9e5a/HB1134.01.INTR.pdf |