IN HB1297

Caps the increase in a municipality's property tax levy due to annexation at 15% (1.15) for any given calendar year, regardless of whether the assessed value increase resulted from one or multiple annexations

Eliminates, effective July 1, 2013, the requirement that landowners demonstrate 65% opposition by owners or 75% opposition by assessed valuation to defeat an annexation in court hearings

Removes, effective July 1, 2013, the 75% landowner opposition threshold for defeating annexations where 80% of the territory boundary is contiguous to the municipality and involves 100 or fewer parcels

Retains requirements that to defeat annexation, landowners must still prove: adequate police/fire protection and road maintenance from another provider, significant financial impact, and that annexation is not in their best interests

Contains an emergency clause making the levy limit provision effective immediately upon passage, while the annexation hearing changes take effect July 1, 2013