SB 155 IN
Compensation for business losses.
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Summary
Provides that a person operating a business on a property may be compensated for business losses resulting from a condemnation of the property. Provides that a municipality may not acquire property using an alternative condemnation procedure if the municipality is notified of the person's intent to claim compensation for business losses.
Sponsors (2)
- James Buck Republican · author
- Rick Niemeyer Republican · author
3 coauthors / cosponsors
- Mike Bohacek Republican · coauthor
- James Tomes Republican · coauthor
- Dan Dernulc Republican · coauthor
Action history (5)
- Jan 8, 2024 Authored by Senator Buck · upper
- Jan 8, 2024 First reading: referred to Committee on Local Government · upper
- Jan 18, 2024 Committee report: do pass adopted; reassigned to Committee on Tax and Fiscal Policy · upper
- Jan 25, 2024 Senator Niemeyer added as second author · upper
- Jan 25, 2024 Senators Bohacek, Tomes, Dernulc added as coauthors · upper
Subjects
BUSINESS ORGANIZATIONS AND ASSOCIATIONS; GenerallyPROPERTY; Eminent Domain
Full text
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