Indiana Senate Bill 215 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 5-0)
Status: Engrossed on February 23 2021 - 50% progression, died in committee
Action: 2021-03-16 - Representative Heine added as sponsor
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]

Redevelopment projects. Provides for an expiration date of an allocation area of not more than 50 years in the case of an allocation area established by the redevelopment commission of a qualified city for the purpose of financing a mixed use development project, but only if the legislative body of the qualified city adopts a resolution to approve an independent analysis with regard to the proposed development project that demonstrates the need for an allocation area that exceeds 25 years. Authorizes a qualified city, subject to the same requirement for a resolution of the legislative body, to enter into leases financed with incremental tax revenue from the allocation area for a term not to exceed 50 years for the purpose of financing a mixed use development project. Defines "qualified city" and "mixed use development project" for purposes of these provisions. Provides, that if in any state fiscal year the IEDC determines that it will award an amount of tax credits under $1,000,000, the IEDC must first receive state budget committee review. Establishes the regional economic acceleration and development initiative (READI) fund to provide grants and loans to support economic development and regional economic acceleration and development. Provides that the IEDC administers the fund. Provides that the board of the IEDC (board) may review applications for grants and loans from the fund. Allows the board to form a strategic review committee. Requires the IEDC to establish a policy for the regional economic acceleration and development initiative. Makes an appropriation.

Redevelopment projects.

Sen. Travis Holdman [R]	Sen. Brian Buchanan [R]	Sen. Andy Zay [R]	Sen. Ed Charbonneau [R]
Rep. Dave Heine [R]

2021-02-22 - Senate - Senate - Third reading (Y: 45 N: 4 NV: 0 Abs: 1) [PASS]
2021-02-16 - Senate - Senate - Committee Vote (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-03-16	House	Representative Heine added as sponsor
2021-03-16	House	Representative Sullivan removed as sponsor
2021-03-16	House	Representative Heine removed as cosponsor
2021-03-04	House	First reading: referred to Committee on Ways and Means
2021-02-23	Senate	Referred to the House
2021-02-22	Senate	Cosponsor: Representative Heine
2021-02-22	Senate	House sponsor: Representative Sullivan
2021-02-22	Senate	Third reading: passed; Roll Call 152: yeas 45, nays 4
2021-02-18	Senate	Senator Charbonneau added as coauthor
2021-02-18	Senate	Amendment #1 (Holdman) prevailed; voice vote
2021-02-18	Senate	Second reading: amended, ordered engrossed
2021-02-16	Senate	Committee report: amend do pass, adopted
2021-02-15	Senate	Senator Buchanan added as second author
2021-01-28	Senate	Senator Zay added as coauthor
2021-01-11	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2021-01-11	Senate	Authored by Senator Holdman

Type	Source
Summary	https://iga.in.gov/legislative/2021/bills/senate/215/details
Text	http://iga.in.gov/static-documents/d/9/5/4/d954e6f3/SB0215.01.INTR.pdf
Text	http://iga.in.gov/static-documents/1/f/a/a/1faa2b07/SB0215.01.INTR.pdf
Text	http://iga.in.gov/static-documents/7/0/5/2/7052f616/SB0215.02.COMS.pdf
Text	http://iga.in.gov/static-documents/1/e/d/1/1ed19cb6/SB0215.02.COMS.pdf
Text	http://iga.in.gov/static-documents/c/b/0/2/cb029948/SB0215.03.ENGS.pdf
Amendment	http://iga.in.gov/static-documents/c/c/1/d/cc1df9a3/SB0215.02.COMS.AMS001.pdf
Supplement	http://iga.in.gov/static-documents/d/f/8/b/df8b040b/SB0215.01.INTR.FN001.pdf
Supplement	http://iga.in.gov/static-documents/b/b/8/5/bb85b8c9/SB0215.01.INTR.CRS001.pdf
Supplement	http://iga.in.gov/static-documents/2/9/b/7/29b77a89/SB0215.02.COMS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/5/a/3/3/5a334434/SB0215.03.ENGS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/c/c/1/c/cc1c3cfb/SB0215.03.ENGS.FN002.pdf
Roll Call	http://iga.in.gov/static-documents/9/7/e/c/97ece9dc/SB0215.01.INTR.00.pdf
Roll Call	http://iga.in.gov/static-documents/a/c/2/e/ac2e2fbc/SB0215.152_S.pdf