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HB 1243 IN

Prepayment of assessment installments.

IN · session 2026 · Assembly / House · bill

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Introduced Jan 5, 2026

Latest action (Jan 5, 2026) Authored by Representative Miller K

Summary

Revises a provision of the municipal Barrett Law to: (1) require a municipal works board to establish a policy to permit an owner of real property in the municipality that has filed a waiver to pay the property owner's assessments in deferred installments to prepay the property owner's assessment; and (2) specify that the policy must allow such a property owner to pay the assessment in full at any time, including within the year in which the waiver is filed to pay assessments in deferred installments, while retaining the provision in current law for payment in full at any time after the expiration of the first year after the filing of the waiver.

Sponsor (1)

Action history (2)

  1. Jan 5, 2026 First reading: referred to Committee on Local Government · lower
  2. Jan 5, 2026 Authored by Representative Miller K · lower
Subjects
CITIES AND TOWNS; GenerallyLOCAL GOVERNMENT; GenerallyTAXES; Assessments, Notices, and Penalties

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