Bill Text: IN SJR0010 | 2010 | Regular Session | Introduced
Bill Title: Property tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2010-01-05 - First reading: referred to Committee on Tax and Fiscal Policy [SJR0010 Detail]
Download: Indiana-2010-SJR0010-Introduced.html
RESOLUTION No. 10
Citations Affected: Article 10 of the Constitution of the State of Indiana.
Synopsis: Property tax. Exempts homesteads from property taxation.
This proposed amendment has not been previously agreed to by a
general assembly.
Effective: This proposed amendment must be agreed to by two
consecutive general assemblies and ratified by a majority of the state's
voters voting on the question to be effective.
January 5, 2010, read first time and referred to Committee on Tax and Fiscal Policy.
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.
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RESOLUTION No. 10
A JOINT RESOLUTION proposing an amendment to Article 10,
Section 1 of the Constitution of the State of Indiana.
(b) The General Assembly may exempt from property taxation any property in any of the following classes:
(1) Property being used for municipal, educational, literary,
scientific, religious, or charitable purposes.
(2) Tangible personal property other than property being held as
an investment.
(3) Intangible personal property.
(4) (c) Tangible real property, including curtilage, is exempt from
property tax if the property is used as a principal place of residence
by an:
(A) (1) owner of the tangible property;
(B) (2) individual who is buying the tangible real property under
a contract; or
(C) (3) individual who has a beneficial interest in the owner of the
tangible real property.
(b) (d) The General Assembly may exempt any motor vehicles,
mobile homes not exempt under subsection (c), airplanes, boats,
trailers, or similar property, provided that an excise tax in lieu of the
property tax is substituted therefor.
(e) The General Assembly may impose reasonable filing
requirements for a property tax exemption, deduction, or credit.
(b) If the voters ratify the amendments to the Constitution of the State of Indiana proposed by this joint resolution, this SECTION does not become a part of the Constitution of the State of Indiana.