IN HB1055 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2020 - 25% progression, died in committee
Action: 2020-01-06 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Civil government property tax controls. Provides that for years after 2020 an assessed value growth quotient is determined individually for each taxing unit. Provides that the assessed value growth quotient for a taxing unit is determined by a formula that is based on: (1) the average growth in the taxing unit's net assessed value; and (2) the average circuit breaker losses experienced by a taxing unit. Eliminates Indiana nonfarm personal income as a factor in computing an assessed value growth quotient.

Tracking Information

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Title

Civil government property tax controls.

Sponsors


History

DateChamberAction
2020-01-06HouseFirst reading: referred to Committee on Ways and Means
2020-01-06HouseAuthored by Representative Thompson

Indiana State Sources


Bill Comments

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