HB1244Introduced in the House
Tax increment financing.
Introduced by Randy Novak, District 9
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Tax increment financing. Provides that 10% of the excess property tax proceeds collected in an allocation area must be allocated among school corporations, libraries, and taxing units that provide police services, fire protection, emergency medical service, or public safety services in the allocation area.
Where it stands
First reading: referred to Committee on Ways and Means
January 5, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Authored by Representative Novak
First reading: referred to Committee on Ways and Means
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.