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House Bill 1718


House Bill 1718

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


Residential redevelopment. Authorizes the designation of residential redevelopment areas in Indianapolis and second class cities. Provides for the acquisition of real property subject to a tax sale for purposes of residential redevelopment. Provides an assessed valuation deduction for the rehabilitation or redevelopment of residential property in a residential redevelopment area. Provides an income tax credit for sales taxes paid on building materials used to construct or rehabilitate residential property in a residential redevelopment area. Provides an income tax credit for the purchase of a newly constructed or rehabilitated property used as a primary residence in a residential redevelopment area.
Current Status:
 In Committee - first House
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