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SB 220 IN

Compensation for the taking of a business.

IN · session 2023 · Senate · bill

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Introduced Jan 10, 2023

Latest action (Feb 9, 2023) Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy

Summary

Provides that if a city or town (municipality) condemns property, a person operating a business on the property may be compensated for business losses resulting from the condemnation. Provides that a municipality may not acquire property using an alternative condemnation procedure conducted by the public works board if the municipality is notified of the person's intent to claim compensation for business losses.

Sponsors (2)

Action history (4)
  1. Jan 10, 2023 Authored by Senator Buck · upper
  2. Jan 10, 2023 First reading: referred to Committee on Local Government · upper
  3. Jan 31, 2023 Senator Bohacek added as second author · upper
  4. Feb 9, 2023 Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy · upper
Subjects
EMINENT DOMAINLAND AND LANDOWNERSLOCAL GOVERNMENTPROPERTY

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Senate Bill (S) · Feb 9, 2023 · PDF
  • Introduced Senate Bill (S) · Jan 10, 2023 · PDF

Full text

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