IN HB1484

Prohibits the Department of Local Government Finance from approving a taxing unit's budget until the unit files required annual financial reports with the state board of accounts for the preceding calendar year

Changes the methodology for calculating a civil taxing unit's maximum permissible ad valorem property tax levy for the ensuing calendar year and adjusts how maximum property tax rates are modified after reassessments

Requires that property taxes approved through referendum be deposited in full to the designated fund without reduction for circuit breaker credits, with any debt service fund deficiencies covered by appropriations from other funds

Requires school referendum ballot language to specify whether the proposed levy is for general school purposes or to replace revenue lost due to circuit breaker credits, and mandates Department of Local Government Finance approval of referendum ballot language

Establishes a procedure for taxpayers to appeal errors in circuit breaker or other property tax credits through the county auditor, with potential review by the Indiana Board of Tax Review