BOMA Indiana - Advocacy

Indiana Bills We're Tracking

HB 1199: Repeals the Economic Enhancement District

HB 1120: Property Taxes

SB 256: Fiscal Matters (TIF Implications)

HB 1121: Local Income Taxes

HB 1078: Public works projects

Indianapolis Codes We Are Tracking

Indianapolis Damper Inspections Proposed Ordinance

National Bills We're Tracking

H.R.1477 - Freedom To Invest in Tomorrow's Workforce Act

Referred to House Ways and Means 3/2023

H.R.2621 - Honoring Vocational Education Act

Referred to House Committee on Oversight and Accountability 4/2023

H.R.1491 - Small Business Energy Loan Enhancement Act

Referred to House Committee on Small Business 3/2023

Curious What the EED Means For You?

Economic Enhancement District (EED)

Enabled in HB 1001 – State Budget

Governed by Board of 8 Appointees - 4 State (2 from Governor, 1 from Speaker of House, 1 from Senate Pro-Temp.); 4 Local (2 – Mayor, 2 – City-County Council); Majority must be property owners within the district

Enacted by City-County Council via ordinance November 2023

Assessment on all taxable real property
Council dictates district boundaries and rates
Downtown Indy, Inc. administers funds, does not dictate projects

10-year term (renewable by IGA and CCC)
Annual budget and report of activities submitted to City County Council

Permitted Uses

Security (including public safety technology)
Safety ambassadors
Cleaning, litter and graffiti removal; power washing
Outreach of homeless
Operations for a low barrier shelter for homeless
Landscaping and beautification
Public events
Business attraction and development
Planning for improvement activities

Timeline

Q4 2023 - Passage of EED at Indianapolis City County Council
Q1&2 2024 - Appointment of Board Members
Q3 2024 - Expiration of ARPA funding for downtown Indianapolis programming
Q2 2025 - Supplemental assessment fee added to 2024 property taxes

EED Budget

Check out the lastest overview of the Economic Enhancement District.

Public Safety	$1,003,887
Homelessness Outreach	$599,251
Cleaning Services	$1,967,932
Administrative Costs	$353,107
Housing Hub Ops Support	$1,500,000
Total Budgeted Cost	$5,384,177

The approved rate is $5.5M, with a commercial rate of 0.1681% of your Assessed Value or AV and a non-commercial residential flat fee of $250.

Rethink 65/70 Coalition

Visit Rethink 65/70 Page

ADVOCACY POLICY

BOMA Indiana serves all counties in the state. In considering it positions, BOMA Indiana is aware that not all of its members may necessarily hold the same opinion on specific legislation. Likewise, BOMA Indiana recognizes that while a proposed bill may on its surface appear to be something that BOMA Indiana should take a position based on our policy, there is often more to the legislation than can be garnered on first read. Therefore, BOMA Indiana commits itself to the meticulous study of all proposed legislation, and to seek the advice of the Advocacy Committee before declaring its position. BOMA Indiana promotes the practice of commercial real estate ownership and management. For this reason, while we may concentrate our efforts on legislation proposed by the Indiana General Assembly, we also consider the needs of our members at the local level.

SUPPORT

BOMA Indiana supports legislation that meets the following criteria:

Any legislation that supports the mission and vision of BOMA Indianapolis
State legislation that promotes economic and workforce development
State legislation that promotes the funding and enhancing of Indiana’s transportation network and infrastructure, including (but not limited to) highways, rail, air, and waterways
Energy-Efficient Commercial Buildings Tax Incentives
Local Laws that mirror those supported by BOMA International

OPPOSE

BOMA Indiana opposes legislation that meets the following criteria:

Legislation that increases the property tax burden on property zoned or designated for commercial, industrial, or medical use; property from which the owner derives income; and on businesses in general
Legislation (state or local) that increases the regulatory burden on businesses or on commercial, industrial, or medical office property
Local zoning or development ordinances that discourage the development of property for commercial, industrial or medical office purposes, if said purposes are the highest and best use of the property
Legislation that encourages retro active tax policies
Legislation that allows for taxes on services
Local Laws that mirror those opposed by BOMA International

NEUTRAL

BOMA Indiana takes a neutral position on any legislation that does not directly or indirectly affect commercial real estate.

POLITICAL ACTION COMMITTEE (PAC) DONATIONS

We welcome all donations to help us lobby against legislature harmful to BOMA members.

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Contact Us

BOMA Indiana

101 West Ohio Street

20th Floor

Indianapolis, IN 46204

Call: (317) 632-4104