HB 1300 Summary

• Waives all penalties on delinquent property taxes first due and payable in 2010 on non-industrial real property if all delinquent taxes and special assessments are paid before July 1, 2011.

• Allows non-industrial real property subject to tax sale between June 30, 2010 and July 1, 2011 to be removed from sale if delinquent taxes and special assessments are paid before the sale date, with penalties and sale costs waived.

• Requires county auditors to include information in tax sale notices explaining the penalty waiver and property removal options for qualifying properties during the specified time period.

• Adds a new section to Indiana Code allowing county treasurers to waive tax penalties as specified in the bill.

• Effective upon passage with an emergency declaration.