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IN HB1425
Bill
Status
1/22/2013
Primary Sponsor
Gregory Porter
Click for details
AI Summary
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Allows ministries exempt from federal income taxes to claim retroactive property tax exemptions for eligible properties in Marion County for assessment dates of March 1, 2009 through March 1, 2012
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Applies specifically to ministries that acquired property after the 2012 assessment date and redeemed it after it was sold for delinquent taxes in 2012
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Requires the ministry to file an exemption application before September 1, 2013, demonstrating the property would have qualified for exemption under IC 6-1.1-10-16 for educational, literary, scientific, religious, or charitable purposes
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Entitles qualified taxpayers to refunds of any property taxes, penalties, interest, or redemption amounts already paid for the eligible property
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Takes effect immediately upon passage and expires July 1, 2017
Legislative Description
Property tax exemption.
Last Action
First reading: referred to Committee on Ways and Means
1/22/2013