Indiana Senate Bill 355 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 17 2023 - 25% progression, died in committee
Action: 2023-01-17 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Property tax matters. Repeals the property tax deduction for a surviving spouse of a WWI veteran. Makes certain changes to the qualification requirements and amounts for the deduction for individuals who are at least 65 years of age and the additional credit for certain homesteads. Requires the true tax value of a privately owned wastewater facility to be determined by applying the income capitalization approach. Provides that, if the application of the income capitalization method for an assessment year results in a zero or negative assessment, the privately owned wastewater facility is exempt from property taxation for that assessment year. Makes corresponding changes.

Property tax matters.

Sen. Linda Rogers [R]

Date	Chamber	Action
2023-01-17	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2023-01-17	Senate	Authored by Senator Rogers

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/355/details
Text	https://iga.in.gov/legislative/2023/bills/senate/355/#1.INTR