Wednesday, January 23, 2013

Legislative Services Posts a Few More Bills - The Tax, Budget and Assessment Related Bills Follow -


House Bill 1565

 
DIGEST OF INTRODUCED BILL

Gaming. Allows the horse racing commission (IHRC) and gaming commission (IGC) to waive certain statutory requirements and prohibitions. Authorizes the use of limited mobile gaming systems at satellite facilities. Allows the IHRC to reduce the percentage that a permit holder is required to retain from amounts wagered if reducing the amount retained is in the best interests of horse racing in Indiana. Excludes the total dollar amount of wagers made by a riverboat's or racino's patrons using noncashable vouchers, coupons, electronic credits, or electronic promotions provided by the licensee or operating agent from the adjusted gross receipts of the licensee or operating agent. Authorizes riverboats to move inland to adjacent properties. Authorizes gambling games at facilities owned by a licensed owner or operating agent other than the riverboat. (Current law allows only card tournaments at sites other than the riverboat.) Replaces the riverboat admissions tax with a supplemental wagering tax. Authorizes table games at the racinos, and imposes a separate wagering tax on table games.

 

House Bill 1567

 
DIGEST OF INTRODUCED BILL

Property tax deduction for farm security items. Provides a property tax deduction, not to exceed $25,000 in assessed value per year, relating to secure storage of fertilizers and pesticides that could be used for terrorism or illegal drug manufacturing. Specifies that the deduction is available for certain chemical additives and for property that is: (1) installed or placed in service or added after March 1, 2013; and (2) used to provide security for a fertilizer or pesticide. Provides that, in addition to filing a certified application statement, a person claiming the deduction must file a certification by the state chemist that the property for which the deduction is claimed has been installed or placed in service.

 

House Bill 1570

 
DIGEST OF INTRODUCED BILL

Textbook sales tax holiday. Provides a sales tax exemption for school instructional materials that are purchased during the first weekend in August and the second weekend in January.

 
House Bill 1576

 
DIGEST OF INTRODUCED BILL

Veteran's excise tax credit. Allows certain disabled veterans, surviving spouses of certain disabled veterans, and World War I veterans or their surviving spouses to claim a credit against the annual motor vehicle excise tax regardless of whether the veteran or surviving spouse owns or is buying other real or personal property against which the veteran or surviving spouse may claim a property tax deduction for disabled veterans, surviving spouses of disabled veterans, or World War I veterans or their surviving spouses.

 


House Bill 1580

 
DIGEST OF INTRODUCED BILL

Property tax deductions and credits. Provides that certain assessed value deductions and the credit for excessive residential property taxes remain in effect following the death of the property owner until the earlier of: (1) the assessment date following the transfer of the real property to a person who does not apply for the deduction; or (2) December 31 of the second calendar year following the calendar year in which the owner died.

 

House Bill 1585

 
DIGEST OF INTRODUCED BILL

Transfer of certain municipal territory. Allows a municipality containing any territory that is: (1) located in a township with a township assistance property tax rate that is 15 times the statewide average township assistance property tax rate; and (2) adjacent to another township; to have territory of the municipality transferred to an adjacent township if certain conditions are satisfied. Provides that if sufficient voters of the municipality submit a petition requesting a transfer of such territory, a referendum shall be held on the transfer. Specifies that if at least two-thirds of the voters of the municipality who vote in the referendum vote to approve the transfer, the legislative body of the municipality may, within the one year period after the referendum, submit a petition to one or more adjacent townships requesting the adjacent township to accept the transfer of the territory of the municipality. Provides that if the legislative body of an adjacent township adopts a resolution accepting the transfer of the territory, that territory of the municipality is transferred to and becomes part of the township adopting the resolution. Specifies that if the referendum is approved and the municipality submits a petition to one or more adjacent townships requesting the adjacent township to accept the transfer of the territory, but no adjacent township adopts a resolution within one year after receiving a petition, all of the territory of the municipality is no longer included as part of any township, and township powers and duties are transferred to the municipality, to be administered and performed in the manner specified by ordinance of the legislative body of the municipality.

 

House Bill 1588

 
DIGEST OF INTRODUCED BILL

County income taxes. Provides that a county's certified distribution of county adjusted gross income tax, county option income tax, or county economic development income tax is based on the amount of county tax received by the state from county taxpayers of that county, regardless of whether the amount received has been reported on a return or amended return processed by the department of state revenue.

http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2013&session=1&request=all