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IN HB1506
Bill
Status
1/18/2017
Primary Sponsor
William Friend
Click for details
AI Summary
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Amends IC 6-1.1-12-40.5 to limit total assessed value deductions for homesteads, mobile homes not assessed as real property, and manufactured homes not assessed as real property to 75% of gross assessed value (increased from 50%)
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Applies to property tax first due and payable after December 31, 2018, with an effective date of January 1, 2018
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Includes a temporary provision effective July 1, 2017 that expires June 30, 2019
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Sponsored by Representative Friend and referred to the Committee on Ways and Means on January 18, 2017
Legislative Description
Limit on assessed value deductions. Provides that the sum of assessed value deductions for a homestead may not exceed 75% of the gross assessed value of the homestead.
Last Action
First reading: referred to Committee on Ways and Means
1/18/2017