Indiana · 2026 session · house
+417 / −260 words · LargeConfidence: high
This bill fundamentally restructures tourism improvement districts by adding broad residential property exemptions and strengthening consent requirements. The legislation removes previous liability and bondholder protection provisions while exempting all homestead properties, single-family homes, and multi-unit residential housing from district inclusion and special assessments. These exempted properties also cannot count toward petition signature requirements. The bill transforms the approval threshold from an either-or test to a conjunctive requirement: now at least 50% of business owners must sign the petition AND those signers must represent over 50% of projected assessment revenue. Additionally, the legislation creates a new individual opt-out mechanism allowing non-signing business owners to request exclusion from the district, which the legislative body must approve or deny before final passage.
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