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IN SB0571
Bill
Status
1/18/2017
Primary Sponsor
Jean Breaux
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AI Summary
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Allows churches and religious societies to file late property tax exemption applications before July 1, 2017, for property that would have qualified for exemption on the March 1, 2014, assessment date if timely application had been made.
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Grants property tax exemption for the March 1, 2014, assessment date without requiring further action by county assessment boards or the Indiana board of tax review.
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Entitles taxpayers to refunds of all property taxes, penalties, and interest paid for the March 1, 2014, assessment date, with the county auditor able to require payment in two equal annual installments.
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Treats late exemption applications filed before July 1, 2017, as timely filed and waives normal filing deadlines for refund claims under IC 6-1.1-26.
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Expires July 1, 2020, and takes effect upon passage with emergency declaration.
Legislative Description
Property tax exemptions. Provides that a taxpayer may submit a property tax exemption application before July 1, 2017, for certain property owned or used by a church or religious society that would have qualified for an exemption for the 2014 assessment date if an exemption application had been filed in a timely manner for that assessment date. Provides that if a taxpayer files such an exemption application, the property tax exemption shall be allowed and granted for the 2014 assessment date, and the taxpayer is entitled to a refund for any taxes, penalties, and interest paid with respect to the
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/18/2017