IN SB0142

Requires candidates for county assessor to attain level three assessor-appraiser certification, with different timelines: those not holding office on January 1, 2012 must be certified for elections after that date, while incumbents must be certified for elections after January 1, 2016

Allows taxpayers to request income capitalization or gross rent multiplier methods for property assessment if they submit necessary information to the assessor by the March 1 assessment date, though failure to meet this deadline does not restrict appeal rights

Imposes a $50 penalty on taxpayers who fail to appear at county property tax assessment board of appeals hearings, with exemptions for homestead owners representing themselves, those who withdraw requests 5 days before hearings, those who reschedule, or cases where the board waives the penalty

Requires powers of attorney filed by tax representatives to specify each property covered and to expire no more than three years after execution

Appropriates $250,000 to the Indiana Board of Tax Review to reduce pending appeals, prohibits reversion of board funds until pending appeals fall below 1,000, and requires the board to report to the budget committee by August 1, 2013 on progress