Indiana House Bill 1240 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-17 - Representatives Porter and Shackleford added as coauthors
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Property tax relief. Permits counties, cities, and towns (including Marion County) to establish a neighborhood enhancement property tax relief program (program) to provide 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.

Property tax relief. Permits counties, cities, and towns (including Marion County) to establish a neighborhood enhancement property tax relief program (program) to provide 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.

Rep. Cherrish Pryor [D]

Rep. Gregory Porter [D]

Rep. Robin Shackleford [D]

Date	Chamber	Action
2019-01-17	House	Representatives Porter and Shackleford added as coauthors
2019-01-10	House	First reading: referred to Committee on Ways and Means
2019-01-10	House	Authored by Representative Pryor

Type	Source
Summary	https://iga.in.gov/legislative/2019/bills/house/1240/details
Text	http://iga.in.gov/static-documents/8/6/2/b/862bbdef/HB1240.01.INTR.pdf