Introduced Senate Bill (S)

Authored by

DIGEST

Tax increment financing. Provides that in the case of a tax increment financing allocation area established or reestablished after June 30, 2017, the property taxes for a year that are attributable to a property tax rate of a school corporation for any of its funds must be distributed to the school corporation and not to the redevelopment commission. Tax increment financing. Provides that in the case of a tax increment financing allocation area established or reestablished after June 30, 2017, the property taxes for a year that are attributable to a property tax rate of a school corporation for any of its funds must be distributed to the school corporation and not to the redevelopment commission.