HB 1313 Summary

• Requires county auditors to distribute property tax proceeds from allocation areas that are attributable to taxes approved by voter referendum after April 30, 2010, to the taxing unit for which the referendum was conducted

• Treats distributed referendum tax proceeds as part of the referendum levy for purposes of setting tax rates in allocation areas established under redevelopment, airport development, military base reuse, and certified technology park programs

• Makes technical amendments to multiple Indiana Code sections to renumber subsections and update cross-references from "(b)(2)" to "(b)(3)" and "(b)(3)" to "(b)(4)" across various redevelopment and tax allocation statutes

• Applies retroactively to March 1, 2011, with effective date of January 1, 2012, for most provisions

• Provides transition rules for entities calculating 2012 excess tax distributions to account for new referendum tax distributions required by this act