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IN SB0391
Bill
Status
1/10/2018
Primary Sponsor
Rick Niemeyer
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AI Summary
Senate Bill 391 Summary
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Authorizes townships to appeal to the Department of Local Government Finance (DLGF) for increases to their maximum property tax levy to cover township assistance costs under IC 12-20 and IC 12-30-4.
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Limits the maximum levy increase the DLGF may authorize for township assistance to an amount equal to a $0.01 increase per $100 of assessed valuation in the township's township assistance property tax rate.
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Requires the DLGF to increase the maximum property tax levy for a township's firefighting fund for 2019 and thereafter if the township imposed a debt service levy in 2018 for fire protection borrowing and the township executive submits a petition before August 1, 2018.
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Sets the firefighting fund levy increase amount equal to the total principal due in 2019 on amounts borrowed by the township under IC 36-6-6-14 to furnish fire protection.
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Becomes effective upon passage and declares an emergency for the act.
Legislative Description
Township property tax levies. Authorizes a township to appeal to the department of local government finance (DLGF) for an increase in the township's maximum property tax levy to meet the costs of providing township assistance. Specifies that the maximum increase that the DLGF may authorize for a township for a particular calendar year is the levy that would result from a $0.01 increase in the township's township assistance property tax rate. Provides that the DLGF shall increase the maximum property tax levy for a township's firefighting fund for 2019 and thereafter if: (1) the township imposed a debt service levy
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/10/2018