Indiana Senate Bill 440 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2015 - 25% progression, died in committee
Action: 2015-01-12 - First Reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Assessed value growth quotient for tax purposes. Provides that a county based assessed value growth quotient may be determined for each civil taxing unit. Provides that the assessed value growth quotient for a civil taxing unit is the lesser of: (1) the quotient determined using a six year average of statewide income growth (as current law provides); or (2) the quotient determined using a six year average of assessed value growth in the county in which the particular civil taxing unit is located. Makes conforming changes.

Assessed value growth quotient for tax purposes. Provides that a county based assessed value growth quotient may be determined for each civil taxing unit. Provides that the assessed value growth quotient for a civil taxing unit is the lesser of: (1) the quotient determined using a six year average of statewide income growth (as current law provides); or (2) the quotient determined using a six year average of assessed value growth in the county in which the particular civil taxing unit is located. Makes conforming changes.

Sen. Brandt Hershman [R]

Date	Chamber	Action
2015-01-12	Senate	First Reading: referred to Committee on Tax & Fiscal Policy
2015-01-12	Senate	Authored by Senator Hershman

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/440/details
Text	http://iga.in.gov/static-documents/7/6/e/5/76e5e878/SB0440.01.INTR.pdf