IN HB1059

Allows county treasurers to advance up to 95% of collected taxes to political subdivisions within 30 days of a written request, with advances deducted from semiannual distributions.

Permits county treasurers to issue provisional property tax statements when abstracts are not timely delivered, with first installment due May 10 and second installment due November 10, each equal to 50% of the prior year's tax liability.

Authorizes the Department of Local Government Finance to waive provisional statement requirements if counties can deliver final statements by June 10 or demonstrate delays due to software changes.

Requires county treasurers to deposit penalties from late provisional statement payments in a separate account to cover mailing costs, with excess funds transferred to the county property reassessment fund.

Establishes that political subdivisions may recover interest on undistributed tax collections if the county fails to distribute by the required deadline, with interest calculated from the distribution deadline until actual distribution.