Bill > HB1164

This bill modifies several provisions related to tax increment financing (TIF) districts in Indiana. The bill changes the annual reporting deadline for redevelopment commissioners from December to September and allows redevelopment commissions to use funds to pay down debt service earlier than originally planned, while retaining the assessed value associated with the original debt schedule. The bill requires redevelopment commissions to invite overlapping taxing units to participate in hearings about proposed redevelopment projects and mandates that these hearings include an illustration of potential circuit breaker tax reductions. Additionally, the bill expands the ways redevelopment commissions can use tax increment financing funds, specifically allowing them to: (1) spend money maintaining infrastructure projects originally funded by TIF funds, with a detailed list of eligible maintenance expenses, and (2) share up to 30% of their revenue with local economic development organizations for up to four years. The bill also adjusts various procedural requirements for documenting and reporting on TIF districts, including extending deadlines for uploading necessary documents to government finance departments. These changes aim to provide more flexibility and transparency in how local governments manage and utilize tax increment financing resources.

Budget and Finance

https://iga.in.gov/legislative/2026/bills/house/1164/details