IN HB1120 | 2019 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 7 2019 - 25% progression, died in committee
Action: 2019-01-07 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

County option property tax replacement fee. Permits a county council or a local income tax adopting body to establish an annual property tax replacement fee on any parcel receiving assessed value deductions or property tax credits that reduce the annual property tax liability on the parcel to less than the fee amount set by the county. Provides that the fee must be at least $100 but not more than $400. Specifies that the property taxes paid on the parcel are a credit against the fee. Changes the county option amount from $25 to $100 for requiring the payment of property taxes and the property tax replacement fee, if any, in the May installment. Eliminates the $5 minimum property tax statement processing fee if a county adopts the property tax replacement fee.

Tracking Information

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Title

County option property tax replacement fee. Permits a county council or a local income tax adopting body to establish an annual property tax replacement fee on any parcel receiving assessed value deductions or property tax credits that reduce the annual property tax liability on the parcel to less than the fee amount set by the county. Provides that the fee must be at least $100 but not more than $400. Specifies that the property taxes paid on the parcel are a credit against the fee. Changes the county option amount from $25 to $100 for requiring the payment of property taxes and the property tax replacement fee, if any, in the May installment. Eliminates the $5 minimum property tax statement processing fee if a county adopts the property tax replacement fee.

Sponsors


History

DateChamberAction
2019-01-07HouseFirst reading: referred to Committee on Ways and Means
2019-01-07HouseCoauthored by Representatives Leonard and DeLaney
2019-01-07HouseAuthored by Representative Karickhoff

Indiana State Sources


Bill Comments

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