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SB 128 IN

Compensation for business losses.

IN · session 2025 · Senate · bill

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Introduced Jan 8, 2025

Latest action (Jan 30, 2025) Committee report: do pass adopted; reassigned to Committee on Appropriations

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 (3)

Action history (5)
  1. Jan 8, 2025 Authored by Senator Buck · upper
  2. Jan 8, 2025 First reading: referred to Committee on Local Government · upper
  3. Jan 30, 2025 Senator Bohacek added as third author · upper
  4. Jan 30, 2025 Senator Niemeyer added as second author · upper
  5. Jan 30, 2025 Committee report: do pass adopted; reassigned to Committee on Appropriations · upper
Subjects
BUSINESS ORGANIZATIONS AND ASSOCIATIONS; GenerallyLOCAL GOVERNMENT; GenerallyPROPERTY; Generally

Full text

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