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IN HB1261
Bill
Status
1/11/2016
Primary Sponsor
Mike Speedy
Click for details
AI Summary
House Bill No. 1261 Summary
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Extends property tax exemptions for religious purposes to leased buildings (including land and leased personal property) if the lessee would otherwise be liable for property taxes and meets specified conditions.
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Requires lessees seeking exemptions to file an affidavit with the county assessor from both the lessee and building owner confirming the lease requires tax reimbursement to the owner.
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Allows exempt property users to file a statement in each even-numbered year rather than annually if the exempt use remains unchanged, reducing filing burdens compared to current law.
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Creates new Section 47 of IC 6-1.1-10 establishing detailed requirements for leased building exemptions, including lease terms, parties involved, and tax reimbursement provisions.
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Applies to assessment dates after December 31, 2015, with an emergency declaration for immediate implementation.
Legislative Description
Property tax exemptions. Provides that the property tax exemption for religious purposes applies to a building that is leased (including land and leased personal property) if the person using the building for religious purposes would otherwise be liable for property taxes. Specifies conditions that must be satisfied to obtain the exemption. Specifies that if an exempt use has not changed, the person receiving the exemption can satisfy the filing requirement to maintain the exemption by filing a statement in each even-numbered year. (Current law provides that an annual filing of a complete application is required unless it is a nonprofit
Last Action
First reading: referred to Committee on Ways and Means
1/11/2016