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SB 355 IN

Property tax matters.

IN · session 2023 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 17, 2023

Latest action (Jan 17, 2023) First reading: referred to Committee on Tax and Fiscal Policy

Summary

Repeals the property tax deduction for a surviving spouse of a WWI veteran. Makes certain changes to the qualification requirements and amounts for the deduction for individuals who are at least 65 years of age and the additional credit for certain homesteads. Requires the true tax value of a privately owned wastewater facility to be determined by applying the income capitalization approach. Provides that, if the application of the income capitalization method for an assessment year results in a zero or negative assessment, the privately owned wastewater facility is exempt from property taxation for that assessment year. Makes corresponding changes.

Sponsor (1)

Action history (2)
  1. Jan 17, 2023 Authored by Senator Rogers · upper
  2. Jan 17, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
Subjects
PROPERTY TAXES, Abatements and ExemptionsPROPERTY TAXES, Credits and DeductionsWATER generally

Text versions (1)

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.

  • Introduced Senate Bill (S) · Jan 13, 2023 · PDF

Full text

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