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IN HB1159
Bill
Status
1/7/2016
Primary Sponsor
Vernon Smith
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AI Summary
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Amends IC 6-1.1-36-7 to allow the Department of Local Government Finance to cancel property taxes on real property owned by counties, townships, cities, towns, and certain bodies corporate and politic, regardless of whether taxes were assessed before or after the entity became the owner.
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Permits cancellation of property taxes on state-owned real property if a petition is submitted by the governor or the chief administrative officer of the supervising state agency (with gubernatorial approval required for agency-submitted petitions).
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Requires that any liens on real property for canceled taxes must be released and canceled when property taxes are canceled under these provisions.
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Effective date: July 1, 2016.
Legislative Description
Cancellation of property taxes. Provides that the department of local government finance may under certain circumstances cancel any property taxes assessed against real property owned by certain local governmental entities or the state, regardless of whether the property taxes were assessed before or after the governmental entity or the state became the owner of the real property.
Last Action
First reading: referred to Committee on Ways and Means
1/7/2016