Senate Bill

SB 104

Residential tax increment financing.

In plain English

Requires a redevelopment commission to send at least 5% of the tax money collected in a residential housing development area to the local government that created the commission each year. This applies to allocation provisions adopted after June 30, 2025. The local government must use the money for police and fire services that serve the area.

Written by AI from the official digest below, and checked only by automated rules. If they differ, the official digest and bill text control.

Official digest

Provides, in the case of an allocation provision adopted after June 30, 2025, for a residential housing development program, that the redevelopment commission (commission) shall annually transfer at least 5% of the aggregate allocated tax proceeds from the allocation area to the unit that established the commission. Specifies that the unit must use the revenue for police and fire services that serve the allocation area.

Latest action: First reading: referred to Committee on Ways and Means, March 3, 2025Full text and history at iga.in.gov

Authors and sponsors

Rick Niemeyer, Dan Dernulc, Mike Bohacek, Hal Slager

Co-authors and co-sponsors: Lonnie Randolph, Julie Olthoff, Mike Aylesworth

Roll-call votes

1 recorded vote, oldest first. Third-reading votes decide whether a bill passes a chamber; amendment votes and procedural motions are listed too.

Senate · Feb 10, 2025

Third reading: vote to pass

Roll call text: SB 104 - Niemeyer - 3rd Reading

Passed

46 yes3 no1 did not vote

Republicans: 35 yes, 3 no, 1 did not voteDemocrats: 10 yes, 0 noNot matched to a current member: 1 yes, 0 no

How each member voted

Source: Open States, compiled from the Indiana General Assembly's official roll calls. The official record at iga.in.gov controls. Spot an error? Let us know.