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IN HB1024
Bill
Status
Introduced
1/6/2015
Primary Sponsor
Randall Frye
Click for details
AI Summary
- Amends Indiana Code IC 6-1.1-4-13 to require agricultural land assessments use 2011 soil productivity factors for all assessment dates occurring after December 31, 2014
- New soil productivity factors may only be used if approved through a statute enacted by the general assembly, replacing the previous automatic transition to new factors in 2015
- Removes obsolete references to March 1, 2012, March 1, 2013, and March 1, 2014 assessment dates
- Effective retroactively to January 1, 2015
- An emergency is declared for this act
Legislative Description
Assessment of agricultural land. Requires that agricultural land must be assessed using the soil productivity factors used in 2011 for assessment dates occurring after December 31, 2014, unless and until new soil productivity factors are approved in a statute enacted by the general assembly. Removes obsolete references to the 2012 through 2014 assessment dates. (Current law provides for the use of the 2011 soil productivity factors through the 2014 assessment date and requires the use of new soil productivity factors beginning with the 2015 assessment date.)
Last Action
First Reading: referred to Committee on Ways and Means
1/6/2015
Committee Referrals
Ways and Means1/6/2015
Full Bill Text
No bill text available