IN HB1511 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-01-21 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-01-21 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Riverfront economic development tax area. Allows the legislative body of a city or a county without a consolidated city to adopt a resolution establishing a riverfront economic development tax area (tax area). Sets forth requirements for the location of the tax area. Requires the legislative body to make findings when adopting a resolution. Requires the legislative body to submit a resolution establishing a tax area to the budget committee and budget agency for review and approval. Allows a tax area to receive incremental state income tax revenue and incremental sales tax revenue attributable to the tax area. Requires a city or county that establishes a tax area to establish a riverfront economic development area fund. Provides that a tax area terminates not later than 25 years after the date on which the resolution establishing the tax area is adopted.
Title
Riverfront economic development tax area.
Sponsors
Rep. Tonya Pfaff [D] | Rep. Kyle Miller [D] |
History
Date | Chamber | Action |
---|---|---|
2025-01-21 | House | First reading: referred to Committee on Ways and Means |
2025-01-21 | House | Authored by Representative Pfaff |
2025-01-21 | House | Coauthored by Representative Miller K |