HB 1345 Summary

• Permits the department of local government finance to cancel property taxes on real or personal property owned by nonprofit corporations organized for educational, literary, scientific, religious, or charitable purposes, or by churches and religious entities.

• Requires cancellation requests to be submitted as a petition signed and approved by the county auditor, county assessor, county treasurer, and township assessor (if applicable) of the relevant jurisdiction.

• Allows cancellation only when the department determines it is in the best interest of the state and affected taxing units, considering the location of facilities, services provided to members and community, and economic/social conditions in the service area.

• Applies to property taxes due and unpaid after June 30, 2012, regardless of the assessment date the taxes were imposed for.

• Effective July 1, 2012.