IN HB1026 | 2016 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 5 2016 - 25% progression, died in committee
Action: 2016-01-11 - Representatives Brown, T., Porter, Braun added as coauthors
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 5 2016 - 25% progression, died in committee
Action: 2016-01-11 - Representatives Brown, T., Porter, Braun added as coauthors
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Property tax relief. Permits a board of county commissioners, a county council, a city-county council, or a city common council to establish a neighborhood enhancement property tax relief program. Specifies that under the program a property tax assessed value deduction is provided that reduces real property taxes on some longtime owner-occupants of residences. Provides that the residences must be located in designated distressed areas where real property values have risen markedly as a consequence of the renovation of other residences or the construction of new residences in the area. Specifies that the deduction is 90% of the increased value. Permits
Title
Property tax relief. Permits a board of county commissioners, a county council, a city-county council, or a city common council to establish a neighborhood enhancement property tax relief program. Specifies that under the program a property tax assessed value deduction is provided that reduces real property taxes on some longtime owner-occupants of residences. Provides that the residences must be located in designated distressed areas where real property values have risen markedly as a consequence of the renovation of other residences or the construction of new residences in the area. Specifies that the deduction is 90% of the increased value. Permits
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-11 | House | Representatives Brown, T., Porter, Braun added as coauthors |
| 2016-01-05 | House | First reading: referred to Committee on Ways and Means |
| 2016-01-05 | House | Authored by Representative Pryor |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2016/bills/house/1026/details |
| Text | http://iga.in.gov/static-documents/3/a/f/7/3af74b6d/HB1026.01.INTR.pdf |
