IN HB1240 | 2019 | Regular Session

Status

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

Summary

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.

Tracking Information

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Title

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.

Sponsors


History

DateChamberAction
2019-01-17HouseRepresentatives Porter and Shackleford added as coauthors
2019-01-10HouseFirst reading: referred to Committee on Ways and Means
2019-01-10HouseAuthored by Representative Pryor

Indiana State Sources


Bill Comments

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