IN HB1476

Legislative Description

County option property tax replacement fee. Permits a county council or county income tax council to establish an annual property tax replacement fee on any parcel receiving assessed value deductions or property tax credits (except for a parcel receiving a deduction or credit based on an individual's age, military or veteran's status, or a disability, including a spouse who is eligible for the deduction or credit) that reduce the annual property tax liability on the parcel to less than $200. Provides that the minimum annual amount due in property taxes plus the property tax replacement fee must be set by

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