Indiana legislation · 2026 Regular Session
Indiana HB1164: Tax increment financing districts.
Status: In committee, January 5, 2026
Provides that a redevelopment commission may use money from certain funds for the purpose of retiring debt service earlier. Provides that a redevelopment commission making accelerated debt payments may retain the assessed value associated with the original debt service schedule. Requires a redevelopment commission to include an invitation to overlapping taxing units to participate in the hearing regarding a proposed redevelopment project. Allows a redevelopment commission to expend money for the maintenance of an infrastructure project within a tax increment financing district if: (1) the infrastructure project was originally funded or supported by tax increment financing funds; and (2) the use of the funds is limited to the remaining life of the project. Allows a redevelopment commission to share tax increment finance district revenue with certain local economic development organizations under certain conditions.
What the bill says
A bill FOR AN ACT to amend the Indiana Code concerning local government.
From the introduced text:
A BILL FOR AN ACT to amend the Indiana Code concerning local government. SECTION 1. IC 36-7-14-12.7, AS ADDED BY P.L.236-2023, SECTION 172, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 12.7. (a) Not later than December September 1 each year, the redevelopment commissioners shall file with the department of local government finance and with the unit's executive and fiscal body a report setting out a spending plan for the next calendar year describing planned expenditures. The spending plan must be filed in the manner prescribed by the department of local government finance. (b) Except as provided in subsection (c), a redevelopment commission may use money from the redevelopment commission's allocation fund described in section 39(b)(4) of this chapter and any other fund maintained by the redevelopment commission only for the purposes provided in the annual spending plan described in subsection (a). (c) A redevelopment commission may use money from funds described in subsection (b) for the purpose of paying more toward 2026 IN 1164--LS 6712/DI debt service obligations, in order to retire debt service earlier, regardless of whether that use is listed in the annual spending plan described in subsection (a). A redevelopment commission making accelerated debt payments under this subsection may retain the assessed value associated with the original debt service schedule. (d) Early debt …
Sponsors
- Elizabeth Rowray (R, HD-035) · primary sponsor
Latest actions
- : Authored by Representative Rowray
- : First reading: referred to Committee on Ways and Means
Subjects: ECONOMIC DEVELOPMENT, TAXES; Tax Increment Financing (TIF), PENSIONS AND RETIREMENT BENEFITS; Generally, TRANSPORTATION; Infrastructure; Bridges and Tunnels
Common questions
- What is HB1164?
- HB1164 is a bill in the Indiana Legislature (2026 Regular Session): Tax increment financing districts.
- What does HB1164 do?
- In its own words: A bill FOR AN ACT to amend the Indiana Code concerning local government.
- What is the status of HB1164?
- In committee as of January 5, 2026. Latest action: Authored by Representative Rowray (January 5, 2026).
- Who sponsored HB1164?
- Elizabeth Rowray (R, HD-035).
- Where is the official record for HB1164?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/house/1164
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.