Indiana Senate Bill 104 (Prefiled Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-08 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Residential tax increment financing. Provides, in the case of an allocation provision adopted after June 30, 2025, for a residential housing development program, that the redevelopment commission (commission) shall annually transfer at least 5% of the aggregate allocated tax proceeds from the allocation area to the general fund of the unit that established the commission to assist that unit in the payment of costs incurred for the provision of police, fire, and ambulance services within the allocation area.

Residential tax increment financing.

Sen. Rick Niemeyer [R]

Date	Chamber	Action
2025-01-08	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2025-01-08	Senate	Authored by Senator Niemeyer

Type	Source
Summary	https://iga.in.gov/legislative/2025/bills/senate/104/details
Text	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0104/SB0104.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0104/fiscal-notes/SB0104.01.INTR.FN001.pdf