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IN SB0205

Bill

Official Source

Status

Introduced

1/6/2015

Primary Sponsor

Jean Leising

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Requires soil productivity factors from the March 1, 2011 assessment to be used for agricultural land assessments on March 1, 2012, 2013, 2014, and 2015.
  • New soil productivity factors shall be applied to assessment dates occurring after March 1, 2015.
  • Amends IC 6-1.1-4-13 regarding the determination of true tax value for agricultural land using United States Department of Agriculture soil survey data.
  • Effective January 1, 2015 with retroactive application.
  • Declares an emergency for the act.

Legislative Description

Soil productivity factors. Provides that the soil productivity factors used for the March 1, 2011, assessment of agricultural land must be used for the March 1, 2015, assessment date. Specifies that new soil productivity factors shall be used for assessment dates occurring after March 1, 2015.

Last Action

Senator Raatz added as second author

1/22/2015

Committee Referrals

Tax and Fiscal Policy1/12/2015
Agriculture1/6/2015

Full Bill Text

No bill text available