IN HB1164

Redevelopment commissions may use allocation funds to retire debt service earlier than scheduled, regardless of whether listed in the annual spending plan, and may retain the assessed value associated with the original debt service schedule if bond documents allow early defeasance

Annual spending plan filing deadline moves from December 1 to September 1 each year, with documents required for the transparency website due by July 1, 2027 for items required after January 1, 2026

Public hearings on proposed TIF projects must include an invitation to overlapping taxing units, with an illustration showing projected circuit breaker impacts if 10%, 20%, or 30% of assessed value were released from the allocation area

TIF funds may be used for maintenance of infrastructure projects originally funded by TIF (roads, sidewalks, lighting, trails, parking facilities, retaining walls) for the remaining life of the project, without relieving underlying taxing units of maintenance obligations for non-TIF funded projects

Redevelopment commissions may share TIF revenue with local economic development organizations recognized by the Indiana Economic Development Corporation for up to 4 years, capped at 30% of the organization's annual budget