IN SB0387 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 9 2012 - 25% progression, died in committee
Action: 2012-01-09 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2012 - 25% progression, died in committee
Action: 2012-01-09 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides a property tax credit to a real property owner that consistently pays real property taxes in a timely manner for the same property. Provides a credit for one year of 10% after five years of ownership and timely payments, 15% after ten years, and 20% after 20 years. Specifies that 2013 is the first year that may be used toward the consecutive year requirement.
Title
Property tax reduction for timely payments.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-01-09 | First reading: referred to Committee on Appropriations | |
| 2012-01-09 | Authored by Senators R. Young and Randolph |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2012&session=1&request=getBill&doctype=SB&docno=0387 |
| Text | http://www.in.gov/legislative/bills/2012/IN/IN0387.1.html |
