LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7621 NOTE PREPARED: Feb 18, 2025
BILL NUMBER: HB 1472 BILL AMENDED: Feb 13, 2025
SUBJECT: Annexation of Residential Development.
FIRST AUTHOR: Rep. Steuerwald BILL STATUS: As Passed House
FIRST SPONSOR: Sen. Clark
FUNDS AFFECTED: GENERAL IMPACT: Local
DEDICATED
FEDERAL
Summary of Legislation: This bill allows the town of Plainfield in Hendricks County to annex: (1) a
noncontiguous residential development; and (2) the right-of-way of a public highway connecting the
development to the town. It provides that the annexation is initiated by: (1) the homeowner's association
board petitioning the town legislative body for annexation of the residential development; and (2) the town
legislative body adopting a resolution approving initiation of the annexation process.
The bill provides that the Town of Plainfield redevelopment commission may only enact a housing tax
increment financing district in Liberty Township in Hendricks County if the district is approved by a
resolution passed by the Mill Creek School Corporation.
Effective Date: July 1, 2025.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures: This bill’s provision may potentially increase the administrative
workload for the town of Plainfield’s legislative body since it would expand the ability to petition for
annexation of a noncontiguous residential development and the public highway that connects the residential
development to include a homeowner’s association. Additionally, there might be a minor, temporary increase
in the administrative workload for the Mill Creek School Corporation since the school corporation would
have to adopt a resolution approving of a housing tax increment financing (TIF) district before the
redevelopment commission for the town of Plainfield could establish a district.
Actual impact would be contingent on the level of residential subdivision development activity in the
unincorporated areas of Hendricks County adjacent to the town of Plainfield, the decision of homeowner’s
associations connected to these developments, and the town of Plainfield’s intention to create a housing TIF
district.
HB 1472 1 Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected: Town of Plainfield; Mill Creek School Corporation.
Information Sources:
Fiscal Analyst: James Johnson, 317-232-9869.
HB 1472 2