IN SB0303 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2016 - 25% progression, died in committee
Action: 2016-01-06 - First reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Property tax levy appeals. Authorizes a civil taxing unit to request an increase in its maximum property tax levy for a year, if the department of local government finance finds that the growth in the civil taxing unit's assessed value in the preceding year was at least two times the percentage growth allowed for the civil taxing unit's tax levy under the assessed value growth quotient determined for the ensuing year. Provides that the civil taxing unit may increase its maximum property tax levy by a percentage equal to the percentage growth in the civil taxing unit's assessed value for

Tracking Information

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Title

Property tax levy appeals. Authorizes a civil taxing unit to request an increase in its maximum property tax levy for a year, if the department of local government finance finds that the growth in the civil taxing unit's assessed value in the preceding year was at least two times the percentage growth allowed for the civil taxing unit's tax levy under the assessed value growth quotient determined for the ensuing year. Provides that the civil taxing unit may increase its maximum property tax levy by a percentage equal to the percentage growth in the civil taxing unit's assessed value for

Sponsors


History

DateChamberAction
2016-01-06SenateFirst reading: referred to Committee on Tax & Fiscal Policy
2016-01-06SenateAuthored by Senator Kenley

Indiana State Sources


Bill Comments

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