Indiana 2021 Regular Session Status: Passed Senate 4 R cosponsors

SB 215 — Redevelopment projects.

Last action — Representative Heine added as sponsor

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Provides for an expiration date of an allocation area of not more than 50 years in the case of an allocation area established by the redevelopment commission of a qualified city for the purpose of financing a mixed use development project, but only if the legislative body of the qualified city adopts a resolution to approve an independent analysis with regard to the proposed development project that demonstrates the need for an allocation area that exceeds 25 years. Authorizes a qualified city, subject to the same requirement for a resolution of the legislative body, to enter into leases financed with incremental tax revenue from the allocation area for a term not to exceed 50 years for the purpose of financing a mixed use development project. Defines "qualified city" and "mixed use development project" for purposes of these provisions. Provides, that if in any state fiscal year the IEDC determines that it will award an amount of tax credits under $1,000,000, the IEDC must first receive state budget committee review. Establishes the regional economic acceleration and development initiative (READI) fund to provide grants and loans to support economic development and regional economic acceleration and development. Provides that the IEDC administers the fund. Provides that the board of the IEDC (board) may review applications for grants and loans from the fund. Allows the board to form a strategic review committee. Requires the IEDC to establish a policy for the regional economic acceleration and development initiative. Makes an appropriation.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 215 on the official Indiana source →

Action History

  1. Representative Heine added as sponsor

  2. Representative Sullivan removed as sponsor

  3. Representative Heine removed as cosponsor

  4. First reading: referred to Committee on Ways and Means

  5. Referred to the House

  6. Third reading: passed; Roll Call 152: yeas 45, nays 4

  7. Cosponsor: Representative Heine

  8. House sponsor: Representative Sullivan

  9. Senator Charbonneau added as coauthor

  10. Second reading: amended, ordered engrossed

  11. Amendment #1 (Holdman) prevailed; voice vote

  12. Committee report: amend do pass, adopted

  13. Senator Buchanan added as second author

  14. Senator Zay added as coauthor

  15. First reading: referred to Committee on Tax and Fiscal Policy

  16. Authored by Senator Holdman

Sponsors

Sponsorship breakdown

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3 sponsors · 2 co-sponsors · 145 not signed on

Sponsors (3)

Co-sponsors (2)

Not signed on (145)

145 members have not signed on to this bill.

Show all 145 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 215 do?
Provides for an expiration date of an allocation area of not more than 50 years in the case of an allocation area established by the redevelopment commission of a qualified city for the purpose of financing a mixed use development project, but only if the legislative body of the qualified city adopts a resolution to approve an independent analysis with regard to the proposed development project that demonstrates the need for an allocation area that exceeds 25 years. Authorizes a qualified city, subject to the same requirement for a resolution of the legislative body, to enter into leases financed with incremental tax revenue from the allocation area for a term not to exceed 50 years for the purpose of financing a mixed use development project. Defines "qualified city" and "mixed use development project" for purposes of these provisions. Provides, that if in any state fiscal year the IEDC determines that it will award an amount of tax credits under $1,000,000, the IEDC must first receive state budget committee review. Establishes the regional economic acceleration and development initiative (READI) fund to provide grants and loans to support economic development and regional economic acceleration and development. Provides that the IEDC administers the fund. Provides that the board of the IEDC (board) may review applications for grants and loans from the fund. Allows the board to form a strategic review committee. Requires the IEDC to establish a policy for the regional economic acceleration and development initiative. Makes an appropriation.
Who sponsors SB 215?
SB 215 is sponsored by Travis Holdman (Republican), Brian Buchanan (Republican), Andy Zay, Ed Charbonneau (Republican), and Dave Heine (Republican).
What is the current status of SB 215?
This bill died with 2021 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 215?
Track SB 215 free on One Click Politics — get push/email alerts when it moves.

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