HB 1483 Summary

• Requires licensees for medical facilities, home health agencies, health facilities, radiation work, debt management companies, pawnbrokers, money transmission, and check cashing to obtain Department of State Revenue clearance if on the tax warrant list (instead of just having delinquent tax liability).

• Reduces Social Security number digits required for homestead deduction claims from five to four digits for county auditor verification.

• Prohibits Department of State Revenue from renewing retail merchant certificates if the merchant is delinquent in remitting withholding taxes; allows certificate revocation if registration fees are not honored by financial institutions and not paid within five days of notice.

• Excludes specific federal tax code amendments from the Tax Relief Act of 2010 and Small Business Jobs Act of 2010 from Indiana's adjusted gross income calculations and Internal Revenue Code definitions.

• Establishes inheritance tax property valuation requirements including appraisals for real estate, business interests, and tangible personal property; allows presumption of fair market value based on arm's length sales within 12 months of death.