Bill Title: Tax increment financing districts. Provides that if a redevelopment commission outside Marion County wishes to establish a tax increment financing (TIF) area after December 31, 2016, a taxing unit that is located wholly or partly within a proposed TIF area may elect whether to participate in the TIF area. If a taxing unit elects to participate in a proposed TIF area, the taxing unit is bound by the terms of the TIF area until the TIF area expires.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-12 - First reading: referred to Committee on Appropriations [SB0389 Detail]

Text: Latest bill text (Introduced) [PDF]

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