IN HB1354

Permits the department of local government finance, with attorney general approval, to compromise property tax liability for nonprofit corporations organized for educational, literary, scientific, religious, or charitable purposes and church or religious entities.

Applies to property taxes due and unpaid after June 30, 2014, regardless of the assessment date.

Requires petition approval from county auditor, county assessor, county treasurer, and township assessor (if applicable) before tax liability can be compromised.

Limits compromises to properties that would have qualified for tax exemption if timely application had been filed, or were acquired by the qualified taxpayer after taxes were imposed for exempt purposes under IC 6-1.1-10.

When any portion of tax liability is canceled, all associated penalties and interest are also canceled; any remaining liability is billed and collected proportionately among taxing units.