Thursday, March 8, 2012

Property Tax Amnesty Bill Goes to Governor

From the Northwest Indiana Times:

"Three measures that significantly could affect county tax collections, local business operations and alcohol sales in Porter County are headed to the governor after the House agreed to Senate-approved changes to the legislation Monday.

• Tax amnesty: House Bill 1090 allows counties to offer a one-time amnesty to property owners behind on their tax bills. Under the plan, counties could waive fees and interest added before 2012 as long as the back taxes are paid and current by July 1, 2013.

"It's a good thing for taxpayers to have these penalties and fees waived," said state Rep. Mara Candelaria Reardon, D-Munster.

The legislation also permits counties to sell tax sale properties for 75 percent of their assessed value. A tax sale purchaser currently must pay all of the outstanding taxes and fees, which sometimes can exceed the value of the property."


Read more: http://www.nwitimes.com/news/state-and-regional/indiana/house-sends-tax-amnesty-bath-salts-alcohol-bills-to-governor/article_f8c7a50c-599d-5680-9de8-d0699d2e5661.html#ixzz1oZYYzSoL