IN SB0478

Legislative Description

Transportation funding. Provides that a redevelopment commission of a municipality may provide revenue to a public transportation corporation from property tax proceeds allocated to the redevelopment commission in a tax increment financing area. Limits the amount of revenue to the amount of property tax revenue received by the municipality's redevelopment commission that is attributable to the public transportation corporation's tax rate. Requires a joint public hearing of the municipality's legislative body and the municipality's redevelopment commission and the adoption of substantially similar authorizing resolutions. Provides that a redevelopment commission may provide revenue to a school corporation, for deposit in the

Last Action

Committee Referrals