LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6293 NOTE PREPARED: Dec 4, 2023
BILL NUMBER: HB 1199 BILL AMENDED:
SUBJECT: Repeal of Economic Enhancement District Law.
FIRST AUTHOR: Rep. McGuire BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: Local
DEDICATED
FEDERAL
Summary of Legislation: This bill repeals the chapter in the Indiana Code authorizing the legislative body
of a first class city to establish a special assessment district known as an economic enhancement district
(EED).
Effective Date: Upon passage.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues: Under this bill, the Indianapolis/Marion County City-County Council
(council) would no longer have the authority to create an EED and would not receive any revenue that could
otherwise be generated in a district. Additionally, the bill abolishes any EED established before passage of
the bill.
Additional Information: Under current law, the council may create an EED within the downtown mile square.
If created, the EED will have an eight member board that will be able to place special benefits assessments
on real property within the EED to pay for economic enhancement projects.
State Agencies Affected:
HB 1199 1 Local Agencies Affected: City of Indianapolis.
Information Sources:
Fiscal Analyst: Bob Sigalow, 317-232-9859.
HB 1199 2