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IN HB1207
Bill
Status
1/9/2018
Primary Sponsor
Joe Taylor
Click for details
AI Summary
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Permits the department of local government finance to cancel unpaid property taxes (including accrued interest and penalties) on real or personal property owned by nonprofit corporations, churches/religious entities, or cemetery corporations, effective July 1, 2018.
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Requires a petition signed and approved by the county auditor, county assessor, county treasurer, and township assessor (if applicable) before the department can cancel property taxes.
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Cancellation is only allowed if the department determines it is in the best interest of the state and taxing units, and either the property would have qualified for exemption if a timely application had been filed or the property became tax-exempt after the petitioner acquired it.
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Department must consider the petitioner's facility location, services provided to members and community, economic and social conditions in the service area, and other factors showing the petitioner's presence benefits the taxing district.
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Does not limit other procedures or remedies provided by law, including retroactive reinstatement of property tax exemptions.
Legislative Description
Property tax exemptions. Permits the department of local government finance under certain circumstances to cancel property taxes imposed on: (1) a nonprofit corporation organized for educational, literary, scientific, religious, or charitable purposes; (2) an entity organized as a church or religious entity; or (3) a cemetery corporation, firm, or association.
Last Action
First reading: referred to Committee on Ways and Means
1/9/2018