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Indiana Bills We're Tracking

HB 1199:  Repeals the Economic Enhancement District

HB 1120:  Property Taxes

HB 1121:  Local Income Taxes

HB 1078:  Public works projects

SB 5:  Lead water line replacement and lead remediation

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

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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BOMA Indiana

101 West Ohio Street

20th Floor

Indianapolis, IN 46204

Call:  (317) 632-4104

admin@bomaindy.org

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