Introduced Version
HOUSE BILL No. 1253
_____
DIGEST OF INTRODUCED BILL
Citations Affected: None (noncode).
Synopsis: Property assessment. Directs the commission on state tax
and financing policy to evaluate whether Indiana should limit increases
in the assessed value of property to changes in the consumer price
index.
Effective: Upon passage.
January 12, 2011, read first time and referred to Committee on Ways and Means.
Introduced
First Regular Session 117th General Assembly (2011)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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HOUSE BILL No. 1253
A BILL FOR AN ACT concerning taxation.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: ; (11)IN1253.1.1. -->
SECTION 1. [EFFECTIVE UPON PASSAGE] (a) The commission
on state tax and financing policy established under IC 2-5-3 shall,
during the interim in 2011 between sessions of the general
assembly, evaluate whether Indiana should limit increases in the
assessed value of property to changes in the consumer price index.
In formulating its recommendations, the commission shall review
the experience of other states with limitations on the amount or
percentage that property assessments can increase after a person
purchases property. If the commission recommends that Indiana
should limit increases in assessments, the commission shall make
a recommendation concerning any changes in the Constitution of
the State of Indiana that are necessary or appropriate to
implement the proposal. The commission shall report its findings
and recommendations to the legislative council before November
1, 2011.
(b) This SECTION expires January 1, 2012.