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IN HB1213
Bill
Status
1/9/2018
Primary Sponsor
Steve Bartels
Click for details
AI Summary
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Requires state to make payments in lieu of property taxes (PILOTs) for state-owned or leased land that is tax-exempt in counties where at least 15% of all land is state or federally owned and tax-exempt.
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Defines a "qualified parcel" as land owned or leased by the state of Indiana, subject to property tax exemption, and located in an eligible county.
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Calculates PILOT amount by determining adjusted assessed value using one-half of the statewide agricultural land base rate value per acre, then assesses qualified parcels as if they were not tax-exempt.
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PILOTs are collected and distributed like property taxes, may be used for any purpose property taxes support, and are treated the same as property taxes under procedural and substantive law.
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Annually appropriates from the state general fund the amount necessary to pay all required PILOTs; effective July 1, 2018, for property taxes first due after December 31, 2018.
Legislative Description
State payments in lieu of property taxes. Requires the state to make payments in lieu of property taxes (PILOTs) for qualified parcels in counties in which at least 15% of all land in the county is: (1) in the aggregate, owned or leased by the state of Indiana or the federal government; and (2) subject to an exemption from property taxes. Defines "qualified parcel" as a parcel that is: (1) owned or leased by the state of Indiana; (2) subject to an exemption from property taxes; and (3) located in a county to which this act applies. Provides that a
Last Action
First reading: referred to Committee on Ways and Means
1/9/2018