Bill Text: IN HB1240 | 2019 | Regular Session | Introduced

Bill Title: Property tax relief. Permits counties, cities, and towns (including Marion County) to establish a neighborhood enhancement property tax relief program (program) to provide an assessed value deduction for longtime owner-occupants of homesteads having an assessed value of less than $125,000 in designated areas. Specifies various conditions for the program. Allows a local unit to include additional requirements for the program. Provides a penalty for wrongly receiving the deduction that is the same as the penalty for wrongly receiving the homestead standard deduction.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2019-01-17 - Representatives Porter and Shackleford added as coauthors [HB1240 Detail]

Download: Indiana-2019-HB1240-Introduced.pdf
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