IN HB1104 | 2010 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2010 - 25% progression, died in committee
Action: 2010-01-05 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Provides that the Lake County assessed value growth quotient for determining a maximum property levy is one unless Lake County imposes a local option income tax for property tax (LOIT) relief for that calendar year. (Current law provides that Lake County's growth quotient is one unless Lake County adopts a LOIT for property tax relief at a rate of 1%.)

Tracking Information

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Title

Revised Lake County levy limit based on LOIT.

Sponsors


History

DateChamberAction
2010-01-05 First reading: referred to Committee on Ways and Means
2010-01-05 Authored by Representative V. Smith

Indiana State Sources


Bill Comments

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