IN HB1078 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 3 2018 - 25% progression, died in committee
Action: 2018-01-03 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2018 - 25% progression, died in committee
Action: 2018-01-03 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Property tax relief. Permits the Marion County city-county council to establish a neighborhood enhancement property tax relief program. After 2021, permits other counties, cities, and towns to establish the program. The program provides an assessed value deduction for longtime owner-occupants of homesteads having an assessed value of less than $125,000 in designated areas. Specifies various conditions for the program. Allows a local unit to include additional requirements for the program. Provides a penalty for wrongly receiving the deduction that is the same as the penalty for wrongly receiving the homestead standard deduction.
Title
Property tax relief. Permits the Marion County city-county council to establish a neighborhood enhancement property tax relief program. After 2021, permits other counties, cities, and towns to establish the program. The program provides an assessed value deduction for longtime owner-occupants of homesteads having an assessed value of less than $125,000 in designated areas. Specifies various conditions for the program. Allows a local unit to include additional requirements for the program. Provides a penalty for wrongly receiving the deduction that is the same as the penalty for wrongly receiving the homestead standard deduction.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-01-03 | House | First reading: referred to Committee on Ways and Means |
2018-01-03 | House | Coauthored by Representatives Porter and Forestal |
2018-01-03 | House | Authored by Representative Pryor |
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2018/bills/house/1078/details |
Text | http://iga.in.gov/static-documents/1/5/5/5/1555a919/HB1078.01.INTR.pdf |