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HB 1051 IN

Levy controls.

IN · session 2021 · Assembly / House · bill

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

Introduced Jan 4, 2021

Latest action (Jan 4, 2021) First reading: referred to Committee on Ways and Means

Summary

Provides that for years after 2021 an assessed value growth quotient is determined individually for each taxing unit. Provides that the assessed value growth quotient for a taxing unit is determined by a formula that is based on: (1) the average growth in the taxing unit's net assessed value; and (2) the average circuit breaker losses experienced by a taxing unit. Eliminates Indiana nonfarm personal income as a factor in computing an assessed value growth quotient.

Sponsor (1)

Action history (2)
  1. Jan 4, 2021 Authored by Representative Thompson · lower
  2. Jan 4, 2021 First reading: referred to Committee on Ways and Means · lower
Subjects
AGRICULTURE, TaxesLOCAL GOVERNMENTPROPERTY TAXES 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 House Bill (H) · Dec 30, 2020 · PDF

Full text

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