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IN HB1608
Bill
Status
1/23/2017
Primary Sponsor
Lloyd Arnold
Click for details
AI Summary
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Increases motor vehicle registration fees by $3 across most vehicle categories, effective July 1, 2017, with $2 allocated to the President Benjamin Harrison conservation trust fund and $1 to the clean water Indiana fund.
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Implements payments in lieu of taxes (PILOTS) on properties purchased by the conservation trust fund after July 1, 2017, calculated at the amount that would have been levied if the property were not exempt from property taxation.
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PILOTS are distributed to taxing units in the county in the same manner as regular property taxes and must be allocated from the fund before other expenditures are made.
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Requires the assessing official to calculate and impose PILOTS based on the assessed value of the property as though it were not subject to property tax exemption, with appeal rights available to property owners.
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Establishes that 9% of appropriated fund money (after PILOTS allocation) must be allotted to the stewardship account within the conservation trust fund.
Legislative Description
Natural resource funding. Establishes additional fees for motor vehicle registration, and provides that the additional motor vehicle registration fees must be distributed to the: (1) clean water Indiana fund; and (2) President Benjamin Harrison conservation trust fund (conservation trust fund). Imposes, in certain situations, payments in lieu of taxes on properties purchased by the conservation trust fund.
Last Action
First reading: referred to Committee on Ways and Means
1/23/2017