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IN SB0178
Bill
Status
1/25/2019
Primary Sponsor
Ronnie Alting
Click for details
AI Summary
- Charitable property owners may file property tax exemption applications up to 30 days after the April 1 statutory deadline by paying a late filing fee of $25 per day, capped at $250 maximum
- Late filing fee revenue must be deposited into the county's property reassessment fund
- Property owners who filed exemption applications between April 1-10, 2017 (missing the deadline) may submit new applications before September 1, 2019 to claim the exemption retroactively for the January 1, 2017 assessment date
- Qualifying retroactive applications will be automatically granted without further review by county assessors, auditors, or tax boards
- Property owners granted retroactive exemptions are entitled to refunds of all taxes, penalties, and interest paid for the 2017 assessment date, payable in one installment
Legislative Description
Property tax exemption. Provides that a person seeking a property tax exemption for property used for a charitable purpose may file an exemption application up to 30 days after the statutory deadline if the person pays a late filing fee. Requires the county auditor deposit all money collected from the late filing fee in the county's property reassessment fund. Provides that a property owner may submit a property tax exemption application before September 1, 2019, for any real and personal property: (1) for which an exemption application was filed after April 1, 2017, and before April 10, 2017; and (2) that would have been eligible for a property tax exemption if an exemption application had been properly and timely filed for the real and personal property. Specifies that if a property owner files such an exemption application, the property tax exemption shall be allowed and granted for the January 1, 2017, assessment date, and the property owner is entitled to a refund for any taxes, penalties, and interest paid with respect to the property for that assessment date.
Last Action
First reading: referred to Committee on Ways and Means
2/26/2019