Senate Bill 0379
DIGEST OF INTRODUCED BILL
Municipal library reorganization. Provides that subject to the approval of voters in a referendum, a public library for which at least 95% of the library district territory is located in one municipality may be reorganized as a municipal library department. Specifies that a referendum on the reorganization of such a library may be placed on the ballot if the holding of the referendum is approved by the library board and by the legislative body of the municipality. Specifies that if the referendum is approved, the public library ceases to be a separate political subdivision and an independent taxing unit, and is instead a municipal library department of the municipality. Specifies the membership of the library board of the municipal library department. Provides that the municipal library board shall appoint the head of the municipal library department, subject to the approval of the legislative body of the municipality. Provides that if the referendum is approved, all territory within the municipality is a library special taxing district, and that to the extent that the boundaries of the library district included territory outside the municipality, that territory is also part of the municipal library department and the library special taxing district. Specifies that any territory annexed by such a municipality becomes part of the library special taxing district of the municipality, regardless of whether the annexed territory is already part of another library district. Provides that, with certain exceptions, a municipal library department has the powers and duties of a Class 1 public library. Provides that the municipal fiscal body exercises the fiscal and appropriation powers otherwise granted to a library board. Requires the department of local government finance to establish a separate |
Senate Bill 0381
DIGEST OF INTRODUCED BILL
Certified technology parks. Allows a certified technology park to capture incremental state income and sales taxes and local income taxes for a business that incubates in the park and then relocates outside the park but within the same county. Phases out the amount of the captured increment over five years. Allows a certified technology park to apply to the Indiana economic development corporation (IEDC) to redraw the boundaries of the park's district at the time of a recertification. Allows the IEDC to redraw the district if the IEDC finds that certain conditions are present. |
Senate Bill 0389
DIGEST OF INTRODUCED BILL
County excise surtax and wheel tax. Permits a county income tax council to impose a motor vehicle excise surtax and a wheel tax for a county. (Current law permits the county council to impose these taxes.) Specifies that the body that initially imposes the excise surtax and wheel tax is the body that is empowered to increase, decrease, or rescind the excise surtax and wheel tax. Increases the maximum wheel tax rate that may be imposed from $40 to $100. |
Senate Bill 0393
DIGEST OF INTRODUCED BILL
Training grants from local major moves funds. Provides that the fiscal body of a county, city, or town that has a local major moves construction fund may appropriate money in the fund for educational and work training and retraining programs. |
Senate Bill 0398
DIGEST OF INTRODUCED BILL
Delinquent property tax sales. Requires, for tax deeds executed for real property sold at a tax sale, that the county auditor submit the tax deed directly to the county recorder for recording and charge the tax sale purchaser the appropriate recording fee. Requires that the certificate of sale that is issued to a tax sale purchaser must include a statement that taxes, special assessments, interest, penalties, and fees accruing on the property after the date of the tax sale are liens against the property. Adds notice requirements concerning the accruing of these liens on tax sale property after the date of the tax sale. Specifies that to obtain a tax deed, the petitioner must pay the taxes, special assessments, interest, penalties, and fees that accrue after the date of the tax sale. Requires, instead of permits, a person buying property at a tax sale to petition for a tax deed within six months after the redemption period ends. Specifies that a person who fails to timely file the petition for a tax deed is not entitled to the return of the purchase price or any part of the purchase price. (Current law specifies that the purchaser's lien terminates.) |
Senate Bill 0399
DIGEST OF INTRODUCED BILL
LOIT for early childhood education. Provides that a referendum may be held in a county on whether to authorize the county council to impose an early childhood education income tax. Specifies that such a referendum may be initiated by the county council or by a petition filed by voters. Provides that if such a referendum is approved, the county council may impose an early childhood education income tax of not more than 1% on the adjusted gross income of resident county taxpayers. Requires a county's certified distribution of early childhood education income tax revenue (as determined by the budget agency) to be distributed monthly to the county treasurer for deposit in a dedicated fund. Specifies that, subject to appropriation by the county council, the tax revenue may be used only for one or more of the following purposes: (1) To pay for the acquisition or construction of a facility that is or will be used for early childhood education. (2) To pay for the operation or maintenance expenses of a facility that is used for early childhood education. (3) To pay the salaries of teachers that provide instruction for early childhood education. (4) To pay for instructional materials and educational technology that are used for early childhood education. (5) To make grants to any school, school corporation, or other entity for any of these purposes. |
Senate Bill 0405
DIGEST OF INTRODUCED BILL
Public transportation corporation funding. Provides that a redevelopment commission of a municipality may provide revenue to a public transportation corporation from property tax proceeds allocated to the redevelopment commission in a tax increment financing area. Limits the amount of revenue to the amount of property tax revenue received by the redevelopment commission that is attributable to the public transportation corporation's tax rate. Requires a joint public hearing of the municipality's legislative body and the redevelopment commission and the adoption of substantially similar authorizing resolutions. |
Senate Bill 0427
DIGEST OF INTRODUCED BILL
New employer tax credit. Reduces from ten to one the number of qualified employees that a corporation or pass through entity must employ in order to qualify for the new employer tax credit. Excludes an individual hired as a seasonal worker from the definition of "qualified employee". |
Senate Bill 0440
DIGEST OF INTRODUCED BILL
Local road funding and sales tax on gasoline. Provides that part of the sales tax collected on gasoline is to be allocated to counties, cities, and towns for road and street projects. Specifies that the allocation is the tax on that part of the retail price, including federal fuel taxes and state fuel, sales, and use taxes, that exceeds $3. Provides that the money is to be distributed to counties, cities, and towns after each calendar quarter based on their proportionate share of local road and street mileage. Specifies that amounts distributed may be used by counties, cities, and towns for the same purposes for which money from the local road and street account may be used. |
Senate Bill 0441
DIGEST OF INTRODUCED BILL
Local road funding and sales tax. Provides that 0.67% of state sales tax revenue shall be distributed to counties, cities, and towns (rather than the state general fund) based on the counties', cities', and towns' proportionate share of local road and street mileage. Specifies that amounts distributed in this manner may be used by counties, cities, and towns for the same purposes for which money from the local road and street account may be used. |
Senate Bill 0444
DIGEST OF INTRODUCED BILL
Countywide public transit. Allows the county commissioners and a public transportation corporation (corporation) to expand the corporation's taxing district to include all of the county by adopting substantially identical ordinances. Provides that the corporation's maximum permissible general fund property tax levy may not be increased by more than 50% of the corporation's maximum permissible general fund property tax levy for the previous year. Provides that the county council must approve a proposed levy increase for the first year that the taxing district includes the entire county. |
Senate Bill 0446
DIGEST OF INTRODUCED BILL
Maximum property tax levies in Lake County. Eliminates the law that freezes the maximum property tax levies for civil taxing units in Lake County unless a local option income tax for property tax relief is in effect in the county. |
Senate Bill 0459
DIGEST OF INTRODUCED BILL
Local government reorganization. Provides that in the case of a reorganization under the government modernization statutes that includes a township and another political subdivision, the rate-controlled property taxes imposed by the reorganized political subdivision for a cumulative firefighting building and equipment fund remain outside of the property tax levy limits. Provides that in the case of a reorganization that includes a township and one or more municipalities in the township, but does not include all municipalities within the township: (1) the township's powers and duties concerning township assistance are transferred to the county; and (2) the county fiscal body shall impose a uniform tax rate throughout the entire township that is sufficient to meet the estimated cost of township assistance in the township. Specifies that the following apply in the case of a reorganization that includes a township and another political subdivision: (1) If the township borrowed money from a township fund to pay the operating expenses of the township fire department or a volunteer fire department before the reorganization, the reorganized political subdivision may repay the loan in installments during the following five years. (2) If the township borrowed money to meet an emergency or to meet the township's current expenses, the fiscal body of the reorganized political subdivision may renew the loan for a period not to exceed five years. |
Senate Bill 0472
DIGEST OF INTRODUCED BILL
Airport authorities. Provides that, if the fiscal body of Clark County establishes an airport authority (authority), the board of directors (board) of the authority may not levy property taxes. Provides that a county or municipality may establish a cumulative capital development fund for certain airport related purposes even if the board of an authority that serves the county or municipality is not authorized to levy property taxes for those purposes. |
Senate Bill 0474
DIGEST OF INTRODUCED BILL
Historic county courthouses. Specifies that for purposes of the county adjusted gross income tax, certified shares may be allocated or appropriated to maintain, rehabilitate, preserve, or restore a historic county courthouse. Specifies that, for purposes of the county economic development income tax, a project that maintains, rehabilitates, preserves, or restores a historic county courthouse is an economic development project. Requires the division of historic preservation and archaeology, in cooperation with the Indiana state museum and historic sites corporation, to create a traveling exhibit that describes the role of historic courthouses in the history, architecture, and art of the counties and the state. Establishes the historic courthouse rehabilitation and restoration revolving fund to provide loans to counties for rehabilitation, restoration, preservation, or maintenance of county courthouses that are listed in the National Register of Historic Places. Makes appropriations. |
Senate Bill 0475
DIGEST OF INTRODUCED BILL
Local government issues. Provides that in counties other than Marion County, the county executive may adopt an ordinance to change the executive and legislative structure of county government. Specifies that if such an ordinance is adopted by the county executive, a public question shall be held in the county on whether the executive and legislative structure of county government should be changed. Provides that if the public question is approved, the voters of the county shall not elect a board of county commissioners, but shall instead elect a single county commissioner to serve as the county executive and shall elect a county council that has the legislative and fiscal powers and duties of the county. Provides that in a county with a single county commissioner: (1) the initial single county commissioner is elected in the second general election after the public question to change the structure of county government is approved; (2) the board of county commissioners is abolished when the first single county commissioner takes office; and (3) the county council shall (except in Lake County or St. Joseph County) be elected from seven single-member districts. Provides that if the office of single county commissioner becomes vacant, the county council shall appoint an individual to serve as interim single county commissioner until the office is filled. Provides that in a county that has abolished the board of county commissioners and has elected a single county commissioner, the county council may adopt an ordinance changing the county government structure back to a structure that includes the election of a board of county commissioners (instead of a single county commissioner). Provides that if such an ordinance is adopted, a public question shall be held to determine whether the county government structure shall be changed back to a structure that includes the election of a board of county commissioners. Provides that in a county that has a single county commissioner, the drainage board consists of: (1) the single county commissioner; and (2) two or four persons (as determined by the county council) who are appointed by the county council. Specifies the appointments to and the membership of a governing board of a county hospital in a county that has a single county commissioner. |
Senate Bill 0479
DIGEST OF INTRODUCED BILL
Use tax on gasoline. Provides a new collection procedure for imposing and collecting state gross retail and use tax on the sale of gasoline based on gallons sold and a rolling monthly average retail price per gallon. Specifies that the collection point is moved to the first purchaser of gasoline from a refiner, a terminal operator, or supplier. Requires the department of state revenue to determine a use tax rate per gallon using the 7% gross retail and use tax rate. Requires all reports of gasoline use tax to be filed electronically and the taxes remitted using the department's online tax system. Changes from 25% to 15% the amount the retail price of gasoline must change before a new use tax rate may be set. Requires a new use tax rate to take effect on the first or sixteenth of the month that follows a determination. Requires the department to publish notices on its Internet web site and provide notices to registered distributors, refiners, and terminal operators using electronic mail with a direct link. Makes corresponding changes. |
Senate Bill 0483
DIGEST OF INTRODUCED BILL
Administration of county income taxes. Provides that beginning January 1, 2014, a county imposing a county income tax (rather than the department of state revenue) has the authority and responsibility for the administration, collection, and enforcement of the tax. Requires taxpayers to file county income tax returns with the county treasurer of the county that imposed the tax. Requires taxpayers to pay county income tax to the county treasurer of the county that imposed the tax. Provides that withholdings of county income taxes shall be remitted to the county treasurer of the county that imposed the tax. Repeals provisions related to: (1) the state collection of county income taxes; and (2) the calculation and distribution by the state of certified distributions of county income taxes. Specifies that certain provisions related to the department of state revenue's administration of state taxes also apply to a county administering a county income tax. Makes technical corrections. |
Senate Bill 0488
DIGEST OF INTRODUCED BILL
Tax credit for hiring certain individuals. Provides a nonrefundable tax credit to a small business for employing an individual who is receiving unemployment benefits or returning from military service (qualified new employee). Provides that the small business must employ a greater number of full-time employees in Indiana in the taxable year than the small business employed in Indiana, on average, in the small business's base employment period (generally January 1, 2012, through June 30, 2012). Provides that the employee must be hired full time. Provides that the credit applies only to taxable years beginning in 2013 through 2015. Provides that the credit is $3,000 per qualified new employee limited to $100,000 per small business. Provides that the small business may carry any excess credit over to not more than three subsequent taxable years. Provides that the small business forfeits 50% of the amount of the tax credits attributable to the employment of a qualified new employee, if within 18 months after the qualified new employee was initially hired: (1) the qualified new employee is terminated, laid off, or otherwise reclassified to a position that is not a full-time employment position with the small business; or (2) the position created for the qualified new employee is eliminated. |
Senate Bill 0494
DIGEST OF INTRODUCED BILL
State and local taxation. Provides that the $50 penalty that may be imposed against a taxpayer in certain property tax appeal circumstances may not be added as an amount owed on the property tax statement. Provides that for purposes of the property tax circuit breaker credits, a "homestead" eligible for the 1% cap means a homestead that has actually been granted a standard deduction. Makes changes regarding protecting debt service funds under the property tax circuit breaker credit. Permits a political subdivision to transfer money to meet debt service obligations from any other available source if a fund receiving protected taxes also has to be reduced. Removes the requirements that aircraft be registered out of the United States and be of a certain size for the sales and use tax exemption regarding tangible personal property used for the repair, maintenance, refurbishment, remodeling, or remanufacturing of an aircraft or an avionics system of an aircraft. Restores provisions inadvertently repealed in 2012 concerning sales tax on gasoline. Specifies that counties are entitled to an inheritance tax replacement amount distribution regardless of whether the county received a distribution in state fiscal year 2012. Provides that the Indiana economic development corporation may designate not more than two new certified technology parks during any state fiscal year. Provides that the designation of a new certified technology park is subject to review by the budget committee and approval of the budget agency. Permits a local airport authority to annually transfer up to 5% of the authority's property tax levy for operating and maintenance to the authority's cumulative building fund. Specifies that the department of local government finance (DLGF) may make various adjustments to the maximum permissible property tax levies, maximum permissible property tax rates, and budgets of political subdivisions that enter into a reorganization. Upon the request of Zionsville in Boone County, requires the DLGF to establish a cumulative building and equipment fund for fire protection and related services and make related levy adjustments. Upon the request of the Frankfort Airport Authority, requires the DLGF to establish a cumulative building fund. Legalizes the actions of the DLGF with regard to levies by Barkley and Union Townships in Jasper County for township fire protection and emergency services. |
Senate Bill 0495
DIGEST OF INTRODUCED BILL
Property tax assessment date. Changes the assessment date for property to January 1 of the year in which the taxes are due, beginning with property taxes payable in 2016. Adjusts filing dates for personal property returns and deduction applications. Requires assessors to provide access to personal property tax returns and schedules on the Internet beginning in 2016. Allows the department of local government finance (DLGF) to require electronic data submission for personal property taxes beginning in 2016. Permits the DLGF to prescribe the assessed value reduction for a taxing unit to absorb the effects of estimated reduced property tax collections beginning in 2016. (Until 2016 the reduction may not exceed 2%.) Permits the DLGF to adopt emergency rules to implement the date change. |
Senate Bill 0504
DIGEST OF INTRODUCED BILL
Tax credit for hiring returning veterans. Provides a tax credit against state tax liability each taxable year to an employer who hires an eligible returning veteran. Specifies that the amount of the credit is $1,000 for each eligible returning veteran the employer hires who works 2,000 hours during the taxable year. Prorates the employer's credit if the employee works less than 2,000 hours during the taxable year. |
Senate Bill 0505
DIGEST OF INTRODUCED BILL
Gasoline tax. Indexes the gasoline tax rate for inflation with a minimum rate of $0.18 per gallon. Provides that the gasoline tax revenue that is attributable to the rate above $0.18 is to be distributed for highway, road, and street purposes as follows: (1) 40% to the Indiana department of transportation. (2) 30% to each county, city, and town eligible to receive a distribution from the local road and street account. (3) 30% to each county, city, and town eligible to receive a distribution from the motor vehicle highway account. |
Senate Bill 0514
DIGEST OF INTRODUCED BILL
Inheritance tax exemption for certain farms. Specifies that certain definitions apply after the elimination of the inheritance tax for purposes of the Indiana estate tax and the Indiana generation-skipping transfer tax. Provides that the transfer of Hoosier homestead farm property is exempt from the inheritance tax if the property is transferred to a family member who continues to operate the farm. Provides that the exemption is in addition to other exemptions that the transferee may receive. Requires a transferee receiving the Hoosier homestead farm property to pledge to farm the property for at least ten years. Provides that the transferee is liable for the amount of foregone inheritance tax if the transferee makes an impermissible disposal of the property before fulfilling the pledge. Provides that certain disposals are permissible and do not incur the inheritance tax liability. |
Senate Bill 0517
DIGEST OF INTRODUCED BILL
Local government finance. Authorizes the department of local government finance (DLGF) to establish a three year pilot program concerning nonbinding review of budgets, property tax rates, and property tax levies. Provides that for a county to be eligible for designation as a pilot county, the county fiscal body must adopt a resolution and submit an application to the DLGF. Allows the DLGF to designate not more than three counties as pilot counties. Specifies that the following apply in 2014 and thereafter in a pilot county: (1) Each taxing unit in the pilot county must file with the DLGF the taxing unit's proposed budgets, property tax rates, and property tax levies. (2) When formulating the taxing unit's estimated budget, property tax rate, and property tax levy, each taxing unit shall consider estimated consequences of the circuit breaker property tax credits. (3) The DLGF shall prepare an analysis of the proposed budgets, property tax rates, and property tax levies submitted by taxing units in the pilot county and provide the analysis to the county fiscal body and to the fiscal body of each taxing unit in the pilot county. (4) Upon request by the county fiscal body, representatives of the DLGF shall appear before the county fiscal body to review the analysis. (5) The county fiscal body shall review the proposed budgets, property tax rates, and property tax levies of each taxing unit in the pilot county and the total tax rate of each taxing district in the county, and shall issue a nonbinding recommendation to each taxing unit. For all taxing units, provides that the maximum amount allowed for an operating balance for a debt service fund is 25% of the budget estimate for the fund. Specifies, for purposes of protecting debt service funds under the property tax circuit breaker credit, that the political subdivision may determine the allocation of property tax reductions from the circuit breaker credit to funds receiving only unprotected taxes using only the funds of the political subdivision that incurred the debt and not other political subdivisions. Specifies that the allocation is to be made using only the taxing districts for which there was an impact from granting the circuit breaker credit. Specifies that the revenue for a fund receiving protected taxes is also reduced if the revenue reallocation from funds receiving only unprotected taxes is insufficient to offset the amount of the circuit breaker. Permits a political subdivision to transfer money to meet debt service obligations from any other available source if a fund receiving protected taxes also has to be reduced. Limits the amount of the transfer to the shortfall, and requires that the transfer must be specifically identified as a debt service obligation transfer for each affected fund. Allows a political subdivision to transfer money received as miscellaneous revenue from one fund to one or more other funds of the political subdivision if certain conditions are met. |
Senate Bill 0521
DIGEST OF INTRODUCED BILL
Indiana new markets job act. Provides for an Indiana new markets tax credit similar to the federal new markets tax credit. Requires a qualified community development entity to pay the state a conditionally refundable fee of $500,000 and a nonrefundable application fee of $5,000 for each qualified equity investment that the qualified community development entity seeks to have approved by the Indiana economic development corporation (IEDC). Provides that the IEDC may not approve more than $20,000,000 of qualified equity investments that are eligible for the Indiana new markets tax credit per state fiscal year. Provides that the department of state revenue is required to issue letter rulings requested by taxpayers, similar to private letter rulings issued by the Internal Revenue Service at the federal level, regarding the Indiana new markets tax credit. |
Senate Bill 0522
DIGEST OF INTRODUCED BILL
Property tax deadlines and procedures. Changes for property taxation purposes: (1) the date a reassessment of a group of parcels in a particular class of real property begins to May 1; (2) the assessment and valuation date for property to January 1; (3) the personal property tax return filing date to March 1; (4) the date after which changes on an amended property tax roll over as a credit to a subsequent year to April 1; (5) the exemption filing date to April 1; (6) the deduction application filing date to June 1 (if the application is required by law to be filed with the county auditor) and April 1 (if the property is a mobile home or the application is required by law to be filed with a public official other than the county auditor); (7) the date assessment records are transfered to the auditor to June 1; and (8) the property tax installment dates to May 15 and November 15. Requires that property tax statements must be sent at least 20 days before the first installment is due. Requires the department of local government finance to certify to each county the assessed values tentatively determined for public utilities by June 1. Changes dates for the delivery of certain reports to the department of local government finance. Organizes deduction application procedures in a new chapter of law. Provides that eligibility for a deduction or exemption is determined on the assessment date and subsequent changes in owners or the property do not affect eligibility. Requires the legislative council to provide for the introduction of legislation in the 2014 session of the general assembly to make conforming amendments to provisions of the law not included in this act. |
Senate Bill 0531
DIGEST OF INTRODUCED BILL
Property tax assessments and appeals. Provides that land is to be assessed as agricultural if the land could be devoted to agricultural use (if not zoned for industrial, commercial, or residential use) or if a building or other real property improvement that is devoted to agricultural purposes is located on the land. Provides that land that is zoned for (instead of purchased for) residential, commercial, or industrial use is not to be assessed as agricultural land. Provides that for land that is being used for various right of way purposes, the value is be subtracted from the assessed value of a parcel without any action having to be taken by the property owner. Changes the definition of a homestead for purposes of the credit for excessive property taxes (the 1% rate cap), the standard deduction, the supplemental standard deduction, and any local homestead credit. Increases the amount of land that is considered part of the homestead real estate from one acre to five acres. Provides that the homestead real estate includes real estate that is identified as a separate parcel or lot so long as the real estate adjoins the parcel or lot on which the dwelling is located. Specifies that a homestead includes any residential yard structure and any building that is located on the homestead real estate if it is used exclusively for the enjoyment or support of the dwelling and real estate, regardless of whether the structure or building is attached to the dwelling. Changes the time limit for the filing of a property assessment appeal from 45 days after the assessment notice date to 45 days after the property tax billing date (or May 10, whichever is later). Provides that the department of local government finance rules concerning tax representatives may not restrict a residential property owner who is an |
Senate Bill 0535
DIGEST OF INTRODUCED BILL
Airport authorities and economic development. Provides that if Clark County establishes an airport authority, the board of the airport authority consists of three members appointed by the Clark County fiscal body, two members appointed by the Clark County executive, one member appointed by the executive of Jeffersonville, and one member appointed by the board of the military base reuse authority located in Clark County. Specifies that if such an airport authority is established: (1) it shall be named the South Central Regional Airport Authority; and (2) the authority's budget, tax levies, and bonds or leases payable from property taxes must be approved by the Clark County fiscal body. Provides that a redevelopment commission or a military base reuse authority may provide revenue to an airport authority if the commission or reuse authority makes a determination that providing the revenue will enhance economic development opportunities. |
Senate Bill 0543
DIGEST OF INTRODUCED BILL
Sales tax exemption related to aircraft. Adds aircraft having the United States as its country of registration under the sales and use tax exemption for items related to the repair, maintenance, refurbishment, remodeling, or remanufacturing of the aircraft or an avionics system of the aircraft. |
Senate Bill 0544
DIGEST OF INTRODUCED BILL
State and local tax administration. Specifies the dates by which an ordinance to impose, increase, decrease, or rescind a county income tax must be adopted. Provides that before August 2 of each calendar year, the budget agency shall provide to each county auditor an estimate of the amount of county income tax that will be distributed to the county, based on tax rates currently in effect. Requires the budget agency to certify before October 1 the amount of a county's certified distribution of county income tax for the following year. Provides that a county is entitled to a supplemental distribution of county income tax if the budget agency determines that the balance in the county's trust account exceeds 50% (rather than 150%, under current law) of the certified distributions to be made in the following year. Specifies that the auditor of state shall transfer one-half of a county's financial institutions tax revenue to the county auditor in May and November of each year. (Under current law, the distributions are made quarterly.) Provides that the total amount of financial institutions tax supplemental distributions to be made for a year is equal to one-half of the financial institutions taxes that the department of state revenue (department) estimates were paid during the preceding fiscal year, minus the sum of all guaranteed distributions. Provides that the bureau of motor vehicles (rather than the auditor of state) shall make required distributions and transfers of boat excise tax revenue. Requires the auditor of state to recalculate the state welfare and tuition support allocation amount to be recaptured by the state from certain excise tax distributions if a new taxing district is established or if the boundaries of a taxing district change. Requires the bureau of motor vehicles to |
Senate Bill 0557
DIGEST OF INTRODUCED BILL
Cumulative bridge fund levy. Provides that the property tax levy limits do not apply to property taxes imposed by a civil taxing unit for a cumulative bridge fund. |
House Bill 1133
DIGEST OF INTRODUCED BILL
Use of food and beverage taxes. Authorizes Nashville to use its food and beverage taxes to finance, construct, improve, equip, operate, and maintain sidewalks and other streetscape improvements. |
House Bill 1140
DIGEST OF INTRODUCED BILL
Military income tax deduction. Phases in an increase of the military income tax deduction from $5,000 to $7,000. Removes the minimum age requirement for an individual to deduct income received as retirement or survivor's benefits. |
House Bill 1164
DIGEST OF INTRODUCED BILL
Definition of homestead. Specifies that property that is not owned by an individual, a cooperative housing corporation, or certain trusts can qualify as a homestead for purposes of the property tax laws only if: (1) the property received the standard deduction for the March 1, 2009, assessment date; and (2) the property is owned by the same entity that owned the property on the March 1, 2009, assessment date. |
House Bill 1165
DIGEST OF INTRODUCED BILL
Installment contracts and property tax deductions. Consolidates duplicated provisions setting conditions for granting of deductions for property being sold under an installment contract into a single section. Provides that property subject to an installment contract does not qualify for a property tax deduction unless the installment contract is an enforceable contract. Requires that contracts for the sale of real property that are entered into after May 31, 2013, must specify the total contract price for the sale of the property. |
House Bill 1168
DIGEST OF INTRODUCED BILL
Venture capital income tax credit. Provides that if the Indiana economic development corporation (IEDC) makes certain findings with respect to a business, the IEDC may certify that business as a qualified Indiana business for purposes of the venture capital investment tax credit. (Current law provides that the IEDC shall certify the business if the IEDC makes those findings.) Makes investments in a business involving professional services provided by a physician eligible for the venture capital investment tax credit. (Under current law, a business involving professional services provided by an accountant, a lawyer, or a physician is not eligible for the credit.) |
House Bill 1171
DIGEST OF INTRODUCED BILL
Research and development property. Expands the sales tax exemption for research and development equipment to include any tangible personal property used for research and development. |
House Bill 1173
DIGEST OF INTRODUCED BILL
Tax exemption for certain nonprofit organizations. Provides that the real property of: (1) labor, agricultural, or horticultural organizations that qualify for federal tax-exempt status; or (2) certain business leagues, chambers of commerce, or boards of trade that qualify for federal tax-exempt status; is exempt from property taxation if the real property is used for specified purposes. |
House Bill 1174
DIGEST OF INTRODUCED BILL
Municipal utility funds and economic development. Allows the board of a municipally owned utility to approve or recommend a transfer of all or part of the utility's surplus earnings from the utility's cash reserve fund to: (1) the municipality's general fund; or (2) a local economic development organization to benefit or promote the municipality, the utility's service area, or the county or region in which the municipality or the utility's service area is located. (Current law allows for a transfer of the utility's surplus earnings only to the municipality's general fund.) Provides that rates and charges in lieu of taxes incorporated into a municipally owned utility's rates and charges may be transferred to: (1) the municipal general fund; or (2) if the cash revenue requirements of the utility have been met, the utility's cash reserve fund. (Current law allows for a transfer of rates and charges in lieu of taxes only to the municipality's general fund.) Provides that a municipality that seeks to make a transfer from the municipally owned utility's cash reserve fund to a local economic development organization may not impose a special rate, charge, surcharge, or other fee on the customers of the utility in order to pay for the transfer. Authorizes the state board of accounts to adopt rules, including emergency rules, to implement these provisions. |
House Bill 1180
DIGEST OF INTRODUCED BILL
Homestead standard deduction. Provides that the homestead of a married individual who lives in a separate principal place of residence other than the residence of the individual's spouse is eligible for the standard homestead deduction and other tax reductions for a homestead. |
House Bill 1185
DIGEST OF INTRODUCED BILL
Sales tax holiday. Provides a sales and use tax exemption each year beginning on the second Friday of August 2013, and August 2014, through the following Sunday (sales tax holiday) for the following items: (1) Clothing, if the sales price does not exceed $125. (2) A school supply, school art supply, or school instructional material, if the sales price does not exceed $15. (3) A computer or school computer supply, if the sales price does not exceed $500. Incorporates the definitions of these items as set forth in the May 24, 2012, Streamlined Sales and Use Tax Agreement. |
House Bill 1186
DIGEST OF INTRODUCED BILL
Incorporation of towns. Provides that proceedings for the incorporation of a town may be initiated by filing a written petition with the county executive of the county that contains all or most of the area of the proposed town. Requires that the petition must be signed by at least 10% of the owners of land in the area of the proposed town. Provides that if the county executive finds that the petition satisfies the statutory requirements, the county executive shall adopt a resolution to place a public question concerning incorporation on the ballot and file the resolution and the petition with the circuit court clerk. Requires petitioners to publish notice of the contents of the petition. Allows only registered voters residing within the area of the proposed town to vote on the public question. Provides that if a majority of voters vote "yes" on the public question, the county executive of each county in which the proposed town is located shall adopt an ordinance to incorporate the area as a town. Prohibits another petition for incorporation from being filed within two years after the election at which a majority of voters vote "no" on the public question concerning incorporation. Repeals statutes that allow the county executive, after a public hearing, to finally approve or disapprove a petition to incorporate a town. |
House Bill 1193
DIGEST OF INTRODUCED BILL
Economic development. Establishes the Hoosier heritage innovative industry loan fund. Authorizes interest free loans, reduced income tax rates, and enhanced economic development for a growing economy (EDGE) tax credits to encourage the manufacturing of wind turbine components in Indiana using steel produced in the United States. Transfers $1,000,000 from the Indiana twenty-first century research and technology fund to the Hoosier heritage innovative industry loan fund. |
House Bill 1198
DIGEST OF INTRODUCED BILL
Soil productivity factors. Specifies that the soil productivity factors used for the March 1, 2011, assessment of agricultural land must continue to be used for subsequent assessment dates. Requires the department of local government finance to submit the following in 2013 to the commission on state tax and financing policy and to any interim study committee established to study agriculture issues or assigned the topic of studying agriculture issues: (1) Proposed soil productivity factors to be used in the assessment of agricultural land. (2) An explanation of the methodology used to determine the proposed soil productivity factors. (3) Data, from each county, that was used to determine the proposed soil productivity factors. (4) Testimony and comments provided to the department of local government finance by taxpayers and other stakeholders concerning the proposed soil productivity factors. |
House Bill 1200
DIGEST OF INTRODUCED BILL
Annexation. Provides, with certain exceptions, that when a municipality initiates an annexation, the municipality must file a petition with the court containing the signatures of: (1) at least 60% of the landowners in the territory proposed to be annexed; or (2) the owners of more than 75% in assessed valuation of the land in the annexed territory. Provides that, if the court finds that the petition has a sufficient number of signatures, a hearing must be conducted to review the annexation and fiscal plan. Allows a person to intervene as a party at the hearing to review the annexation and fiscal plan if: (1) the person is an owner of property in the territory; (2) the person and no other owner of the property have signed the petition filed by the municipality; and (3) the person appeared at the hearing conducted by the municipality on the annexation ordinance or submitted a remonstrance or other document into the record of the hearing. Eliminates a procedure that requires the court to order an annexation not to take place if certain circumstances are shown. Removes provisions allowing a municipality to obtain waivers of a landowner's right to remonstrate against an annexation. Provides that in all circumstances an annexation becomes effective when the ordinance or judgment is filed by the municipal clerk. Repeals provisions concerning: (1) waivers of remonstrance against an annexation; (2) filing a remonstrance against an annexation; and (3) settlement agreements in lieu of annexation. |
House Bill 1205
DIGEST OF INTRODUCED BILL
Income tax exemption for military pay. Exempts military pay earned by members of an active component of the United States armed forces from the individual income tax. (Current law exempts military pay earned by members of the national guard and reserve components of the United States armed forces while serving on active duty.) |
House Bill 1206
DIGEST OF INTRODUCED BILL
Motor vehicle excise tax credit. Allows veterans with qualifying disabilities who do not own certain types of taxable property to claim credits against the motor vehicle excise tax. Allows the surviving spouses of qualified veterans and World War I veterans who do not own those types of taxable property to claim the credits. Specifies that the amount of the credit is the lesser of the claimant's excise tax liability or $70. Provides that the maximum number of vehicles for which credits may be claimed is two. (Current law allows such veterans to apply any excess property tax deduction amount to the motor vehicle excise tax as a credit, but owning property is a requirement for claiming the property tax deduction and applying its excess to the excise tax.) |
House Bill 1212
DIGEST OF INTRODUCED BILL
Sales tax. Provides that the purchase of a recreational vehicle or cargo trailer that is transported out of Indiana for registration and use in another state or country is exempt from the state gross retail tax regardless of whether the destination state or country provides a similar exemption for Indiana residents. |
House Bill 1213
DIGEST OF INTRODUCED BILL
Sales tax exemption for data warehouse equipment. Provides a state sales tax exemption for the sale or lease of certain enterprise information technology equipment. Requires that the investment in the equipment must be at least $100,000,000. Specifies that the investment must be in a high technology district area established by a municipality or county fiscal body. Requires that the exemption must be preapproved by the Indiana economic development corporation. Requires the equipment purchase to be made after June 30, 2013, and before July 1, 2017. |
House Bill 1214
DIGEST OF INTRODUCED BILL
Sales and use tax exemption. Provides a state sales and use tax exemption for the sale of enterprise information technology equipment that qualifies for the personal property tax exemption in a high technology district area. (The introduced version of this bill was prepared by the interim study committee on economic development.) |
House Bill 1216
DIGEST OF INTRODUCED BILL
Tax credit for hiring offenders. Provides a tax credit against state tax liability each taxable year for a taxpayer that hires an ex-felon. Specifies that the amount of the credit is $3,000 for each qualified individual the employer hires during the taxable year. Provides that the maximum amount of credits allowed per state fiscal year may not exceed $1,000,000 in a state fiscal year ending before July 1, 2014, and may not exceed $2,500,000 in the state fiscal year beginning July 1, 2014, or in a subsequent state fiscal year. Requires a reporting on the tax credit before August 1, 2015. |
Earlier filed bills related to budget, tax and assessment may be found in these posts:
