Indiana House Bill 1187 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 7 2021 - 25% progression, died in committee
Action: 2021-01-07 - First reading: referred to Committee on Local Government
Pending: House Local Government Committee
Text: Latest bill text (Introduced) [PDF]

Tax increment financing. Requires one member of a municipal or county redevelopment commission (commission) appointed by the executive of the municipality or county after December 31, 2021, to be an individual nominated by the governing body of the school corporation within the territory. Effective January 1, 2022, eliminates the appointment of and term of office of a nonvoting adviser to the commission. Requires a redevelopment commission to provide notice of an annual meeting to the: (1) president of the governing body; and (2) superintendent; of each school corporation that is wholly or partly located within the allocation area established by the commission. Requires a redevelopment commission to provide notice of an adopted resolution that designates or amends an allocation area to the: (1) president of the governing body; and (2) superintendent; of each school corporation that is wholly or partly located within the allocation area established by the commission. Requires certain percentages of incremental revenue collected in an allocation area be distributed among taxing units wholly or partly located within the allocation area and provides a schedule for the percentage that must be distributed each year.

Tax increment financing.

Rep. Robert Cherry [R]

Rep. Elizabeth Rowray [R]

Rep. Jeffrey Thompson [R]

Rep. Anthony Cook [R]

Date	Chamber	Action
2021-01-07	House	First reading: referred to Committee on Local Government
2021-01-07	House	Coauthored by Representatives Rowray, Thompson, Cook
2021-01-07	House	Authored by Representative Cherry

Type	Source
Summary	https://iga.in.gov/legislative/2021/bills/house/1187/details
Text	http://iga.in.gov/static-documents/2/2/8/5/22851406/HB1187.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/d/8/2/1/d8213bf5/HB1187.01.INTR.FN001.pdf