SB0367 Summary

• Modifies tax distribution procedures to allow county treasurers to advance up to 95% of collected taxes to political subdivisions within 30 days of written request, rather than waiting for semiannual distributions.

• Expands homestead property tax deduction eligibility to include active-duty military personnel stationed outside Indiana and clarifies deduction application for properties under construction.

• Changes motor vehicle gross retail tax treatment to apply the destination state's tax rate (instead of Indiana's) for vehicles being titled and registered outside Indiana, subject to an affidavit requirement.

• Modifies historic preservation tax credits to transfer administrative oversight from the Division of Historic Preservation to the Office of Community and Rural Affairs effective January 1, 2015.

• Makes various technical amendments regarding aircraft maintenance tax exemptions, school corporation loan eligibility, airport authority tax rates, visitor commission composition, and electronic filing requirements for certain tax returns and payments.