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IN HB1484
Bill
Status
1/14/2015
Primary Sponsor
Jeffrey Thompson
Click for details
AI Summary
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Freezes maximum property tax rates for county cumulative capital development funds, municipal cumulative capital development funds, and fire protection territory equipment replacement funds after 2015, eliminating annual adjustments for changes in assessed values.
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Requires tax deeds and sheriff's deeds to be filed for recording within 10 days of issuance; county recorders must charge a fee of $5-$150 for late-filed deeds but cannot charge fees for timely-filed deeds by the sheriff.
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Reduces the threshold for cities and towns to receive court fee distributions from requiring prosecution of at least 50% of ordinance violations to requiring prosecution of at least one (1) ordinance violation in circuit or superior court.
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Clarifies that ordinance violations processed in certain courts are excluded from calculations determining the percentage of violations prosecuted in circuit or superior courts.
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Effective July 1, 2015.
Legislative Description
Local government fees and funds. Provides that the maximum property tax rates for county cumulative capital development funds, municipal cumulative capital development funds, and fire protection territory equipment replacement funds will no longer be adjusted each year to account for the change in assessed value that results from a reassessment or the annual adjustment of assessed values. Requires a person issued a tax deed or a sheriff's deed to file the deed for recording not more than 10 days after the date the county auditor or the sheriff issues the tax deed. Requires a county recorder to collect a recording
Last Action
First Reading: referred to Committee on Ways and Means
1/14/2015