HB 1252 Summary

• Adds new section IC 6-1.1-15-19 to the Indiana Code regarding riverboat property tax assessments
• Declares any settlement agreement reducing a riverboat's annual property tax by more than $1,000,000 for at least two calendar years to be contrary to public policy and void
• Applies to all reviews or appeals of riverboat assessments regardless of when initiated
• Defines "riverboat" according to the meaning in IC 4-33-2-17
• Becomes effective immediately upon passage with an emergency declaration