IN HB1228

Authorizes the Department of Local Government Finance, with attorney general approval, to compromise or cancel property tax liabilities, penalties, and interest for nonprofit corporations organized for educational, literary, scientific, religious, or charitable purposes, as well as churches and religious entities

Applies to property taxes due and unpaid after June 30, 2013, regardless of when the taxes were originally imposed

Requires petitions for tax compromise to be signed by the township assessor (if applicable), county auditor, county assessor, and county treasurer before submission to the department

Allows compromise when property would have qualified for exemption if a timely application had been filed, or when the organization acquired property with existing tax debt that would otherwise qualify for exemption

Requires the department to consider factors including the petitioner's location, community services provided, local economic and social conditions, and whether compromise will expedite payment of any remaining tax liability