Loading chat...
IN HB1189
Bill
Status
1/12/2015
Primary Sponsor
Vernon Smith
Click for details
AI Summary
-
Permits the department of local government finance, with attorney general approval, to waive all or part of property taxes on real or personal property owned by qualifying nonprofit organizations and religious entities.
-
Defines "qualified taxpayers" as nonprofit corporations organized for educational, literary, scientific, religious, or charitable purposes, or nonprofit entities organized as churches or religious organizations.
-
Requires waiver requests to be submitted on department-prescribed forms with prior approval from county auditors, assessors, treasurers, and township assessors where the property is located.
-
Limits waivers to properties that would have qualified for exemption with timely application or were acquired by the qualified taxpayer for exempt purposes, with taxes imposed before acquisition.
-
Cancels all penalties and interest when a waiver is granted; applies to property taxes due and unpaid after June 30, 2015, effective July 1, 2015.
Legislative Description
Property taxes. Permits the department of local government finance, with the approval of the attorney general, to waive all or part of the property taxes imposed on property owned by a: (1) nonprofit corporation organized for educational, literary, scientific, religious, or charitable purposes; or (2) nonprofit entity, other than a corporation, that is organized as a church or religious entity. Provides that certain requirements must be met before a taxpayer's property tax liability may be waived.
Last Action
First Reading: referred to Committee on Ways and Means
1/12/2015