IN HB1266

Changes filing deadlines for property tax deductions from during the calendar year to on or before January 5 of the immediately succeeding calendar year for real property and mobile/manufactured homes.

Modifies public notice requirements for budget hearings and other political subdivision events, allowing for reduced publication timelines in certain circumstances and enabling posting of notices in three prominent locations as an alternative to newspaper publication.

Adjusts railroad car company filing deadlines from May 1 to July 1 for property value statements with the department of local government finance.

Allows four specific qualified taxing units (DeKalb County, towns of Middlebury, Lewisville, and Mooreland) to borrow funds to replace budget reductions caused by improper budget advertisement, with repayment through a 2015 property tax levy.

Extends emergency procedures for correcting errors in budget notices to January 1, 2015, and allows the department of local government finance to correct certain county auditor errors at any time without requiring political subdivision approval.