Indiana · 2026 Regular Session · Bill
HB 1244: Tax increment financing.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1244 is a bill introduced in the Indiana House on January 5, 2026. According to its official title, it concerns: Tax increment financing. Primary sponsor: Randy Novak (Democratic). Most recent recorded action (January 5, 2026): First reading: referred to Committee on Ways and Means.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Randy Novak | Primary sponsor | Democratic | House | 9 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- First reading: referred to Committee on Ways and Means
- Authored by Representative Novak