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IN HB1523

Bill

Official Source

Status

Introduced

1/17/2019

Primary Sponsor

Philip GiaQuinta

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Repeals IC 6-1.1-10-23, which currently exempts tangible property owned by fraternal beneficiary associations from property taxation
  • Fraternal beneficiary associations incorporated, organized, or licensed under Indiana law would no longer receive property tax exemptions
  • The current exemption for real property only applies when actually occupied and exclusively used by the association for its chartered purpose
  • Effective date: January 1, 2020
  • Introduced by Representative GiaQuinta and referred to House Committee on Ways and Means on January 17, 2019

Legislative Description

Property tax exemptions. Repeals the property tax exemption for property owned by a fraternal beneficiary association.

Last Action

First reading: referred to Committee on Ways and Means

1/17/2019

Committee Referrals

Ways and Means1/17/2019

Full Bill Text

No bill text available