· IN legislature · 2026

Tax increment financing.

Provides that 10% of the excess property tax proceeds collected in an allocation area must be allocated among school corporations, libraries, and taxing units that provide police services, fire protection, emergency medical service, or public safety services in the allocation area.

Sponsor

Randy Novak (D-IN)

Introduced

2026-01-05

Policy area

Taxation

Latest action

First reading: referred to Committee on Ways and Means