Bill Title: Redevelopment commission transfers. Provides that in the case of a tax increment financing allocation area established or reestablished after June 30, 2015, the governing body of a school corporation containing territory within the allocation area may, before August 1 of each year, adopt a resolution providing that property taxes must be transferred by the redevelopment commission to the school corporation in the following calendar year. Specifies that the amount of property taxes that must be transferred by the redevelopment commission to the school corporation in that year is equal to a percentage determined by the school corporation multiplied by the

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-14 - First Reading: referred to Committee on Tax & Fiscal Policy [SB0493 Detail]

Text: Latest bill text (Introduced) [PDF]

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