Bill Title: Property tax matters. Provides that a county assessor or township assessor (if any) may request the department of local government finance (department) to perform a state conducted assessment of a particular commercial building or structure used for retail purposes. Specifies the procedures for the state conducted assessment. Provides that the true tax value of commercial real property used for retail purposes that is occupied by the original owner or by a tenant for which the improvement was built shall be determined by the cost approach for the first 10 years of occupancy of the property, less normal depreciation and normal obsolescence under the rules and guidelines of the department of local government finance. Provides that a county fiscal body may adopt an ordinance to provide that the county assessor be reimbursed for legal costs (in addition to other specified costs under current law) incurred by the county assessor in defending an appeal that is uncommon and infrequent in the normal course of defending appeals.

Spectrum: Slight Partisan Bill (Republican 9-3)

Status: (Engrossed - Dead) 2019-03-19 - Representative Harris added as cosponsor [SB0623 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2019-02-25	PDF	Link	View
Amended	2019-02-25	PDF	Link	View
Amended	2019-02-21	PDF	Link	View
Introduced	2019-02-21	PDF	Link	View
Introduced	2019-01-15	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana SB0623

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana SB0623 currently on file.

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