IN SB0592

Provides retroactive property tax exemption for churches that purchased real property in June 2007, used it for church purposes, and filed exemption applications in June 2007 for the March 1, 2007 and March 1, 2008 assessment dates.

Exempts qualifying churches from paying property taxes, penalties, and interest for those two assessment dates if they can demonstrate the property would have qualified for exemption under IC 6-1.1-10-16 had the application been timely filed and they owned the property on May 1, 2007.

Allows churches to file late exemption applications before September 1, 2013, with late applications considered timely filed under this provision.

Provides retroactive property tax exemption for nonprofit corporations that owned real property used for supervised youth baseball or softball for at least 20 years before March 1, 2003 and March 1, 2004, and received exemption by March 1, 2005.

Exempts qualifying nonprofits from paying property taxes, penalties, and interest for the March 1, 2003 and March 1, 2004 assessment dates, with refunds for amounts already paid; nonprofit corporations may file late applications before September 1, 2013.