Indiana House Bill 1473 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 14 2021 - 25% progression, died in committee
Action: 2021-01-14 - First reading: referred to Committee on Local Government
Pending: House Local Government Committee
Text: Latest bill text (Introduced) [PDF]

Land banks. Permits a county to adopt an ordinance imposing a $7 fee for each document recorded on a tract located in the territory of a land bank, and requires the county treasurer to distribute the entire amount collected for the fee to the land bank on a quarterly basis. Provides that for five years after a tract is purchased from a land bank, 50% of the amount of property taxes paid on the tract must be transferred to the land bank. Requires a county executive to provide a land bank in the county with a list of tracts located in the territory of the land bank that: (1) are delinquent on property taxes; and (2) have been offered for public sale at least two times and remain unsold; on an annual basis, and requires the county executive to transfer its interest in a tract on the list to a land bank if requested by the land bank not later than 90 days after it receives the list.

Land banks.

Rep. Sue Errington [D]

Rep. Justin Moed [D]

Date	Chamber	Action
2021-01-14	House	First reading: referred to Committee on Local Government
2021-01-14	House	Coauthored by Representative Moed
2021-01-14	House	Authored by Representative Errington

Type	Source
Summary	https://iga.in.gov/legislative/2021/bills/house/1473/details
Text	http://iga.in.gov/static-documents/6/b/7/0/6b704899/HB1473.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/9/4/e/2/94e2bdd9/HB1473.01.INTR.FN001.pdf