Bill Text: IN HB1352 | 2012 | Regular Session | Introduced
Bill Title: Limitation on levy for township assistance.
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2012-01-17 - Representative Torr added as coauthor [HB1352 Detail]
Download: Indiana-2012-HB1352-Introduced.html
Citations Affected: IC 6-1.1-18-1.5.
Synopsis: Limitation on levy for township assistance. Provides that the
part of the total township tax rate that is not related to providing fire
protection services or paying bonds, loans, and leases related to fire
protection services may not exceed 5% of the total tax rate imposed for
the year on a person's property within a taxing district.
Effective: Upon passage.
January 10, 2012, read first time and referred to Committee on Ways and Means.
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
(b) Each township executive shall, not later than fifteen (15) days after the township's tax rate is determined under IC 6-1.1-17, certify to the department of local government finance and to the county auditor:
(1) the part of the total township tax rate that is related to:
(A) providing fire protection services; or
(B) paying bonds, loans, and leases related to fire protection services; and
(2) the part of the total township tax rate that is not related to:
(A) providing fire protection services; or
(B) paying bonds, loans, and leases related to fire protection services.
(c) The department of local government finance shall before July 1, 2012, issue guidelines that must be used in making determinations under subsection (b).
(d) Notwithstanding any other law, for property taxes first due and payable in 2013 and in each year thereafter, the part of the total township tax rate described in subsection (b)(2) (before the application of any credit under IC 6-1.1-20.6) that is imposed for the year on a person's property within a taxing district may not exceed five percent (5%) of the total tax rate (before the application of any credit under IC 6-1.1-20.6) imposed for the year on the person's property within the taxing district.
(e) The limitation in this section is in addition to any other property tax limit under this chapter, IC 6-1.1-18.5, or any other law.
