SB 46 IN

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Became Law

Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a "qualified individual" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as a neighborhood enhancement district in which qualified individuals may apply for the credit. Provides that the amount of the credit in a particular year is equal to the amount by which an individual's property tax liability increases by more than the percentage of increase specified by the county fiscal body from the prior year. Provides that the credit does not affect the allocation of taxes to a referendum fund. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction. Provides that an individual may not receive both a county option circuit breaker tax credit and an over 65 property tax credit in the same year. Provides that an ordinance must specify that the credit does not apply for property taxes first due and payable after December 31, 2027. Sunsets the county option on January 1, 2028.

• Jack Sandlin · author
• Travis Holdman Republican · author
• Brian Buchanan Republican · author
• Julie McGuire Republican · sponsor

1. Jan 9, 2023 Authored by Senator Sandlin · upper
2. Jan 9, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Jan 17, 2023 Senator Holdman added as second author · upper
4. Jan 17, 2023 Senator Buchanan added as third author · upper
5. Jan 31, 2023 Committee report: amend do pass, adopted · upper
6. Jan 31, 2023 Senator Randolph added as coauthor · upper
7. Feb 2, 2023 Second reading: ordered engrossed · upper
8. Feb 6, 2023 Third reading: passed; Roll Call 64: yeas 49, nays 0 · upper
9. Feb 6, 2023 House sponsor: Representative McGuire · upper
10. Feb 6, 2023 Cosponsor: Representative GiaQuinta · upper
11. Feb 7, 2023 Referred to the House · upper
12. Feb 23, 2023 Representative Behning added as cosponsor · lower
13. Feb 23, 2023 Representative Pryor added as cosponsor · lower
14. Feb 28, 2023 First reading: referred to Committee on Ways and Means · lower
15. Mar 30, 2023 Committee report: amend do pass, adopted · lower
16. Apr 3, 2023 Second reading: ordered engrossed · lower
17. Apr 4, 2023 Third reading: passed; Roll Call 348: yeas 96, nays 1 · lower
18. Apr 5, 2023 Returned to the Senate with amendments · lower
19. Apr 5, 2023 Motion to concur filed · upper
20. Apr 10, 2023 Senate concurred in House amendments; Roll Call 347: yeas 48, nays 0 · upper
21. Apr 13, 2023 Signed by the President Pro Tempore · upper
22. Apr 21, 2023 Signed by the Speaker · lower
23. Apr 26, 2023 Signed by the President of the Senate · upper
24. May 1, 2023 Signed by the Governor · executive
25. May 1, 2023 Public Law 95 · upper

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.

• Enrolled Senate Bill (S) · Apr 11, 2023 · PDF
• Introduced Senate Bill (S) · Jan 4, 2023 · PDF
• Senate Bill (S) · Jan 31, 2023 · PDF
• Senate Bill (H) · Mar 30, 2023 · PDF