Bill Text: IN SB0559 | 2017 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Property tax exemption for affordable housing. Provides a property tax exemption for affordable rental housing property when the property does not otherwise qualify for a property tax exemption. Provides that, in order to qualify for the exemption, the owner must meet the criteria applied by the Internal Revenue Service in determining if an organization that provides low income housing is considered charitable because it relieves the poor and distressed.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2017-03-07 - First reading: referred to Committee on Ways and Means [SB0559 Detail]
Download: Indiana-2017-SB0559-Introduced.pdf
Bill Title: Property tax exemption for affordable housing. Provides a property tax exemption for affordable rental housing property when the property does not otherwise qualify for a property tax exemption. Provides that, in order to qualify for the exemption, the owner must meet the criteria applied by the Internal Revenue Service in determining if an organization that provides low income housing is considered charitable because it relieves the poor and distressed.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2017-03-07 - First reading: referred to Committee on Ways and Means [SB0559 Detail]
Download: Indiana-2017-SB0559-Introduced.pdf
