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HB 1176 IN

Investor ownership of single family residences.

IN · session 2024 · Assembly / House · bill

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

Introduced Jan 9, 2024

Latest action (Jan 9, 2024) First reading: referred to Committee on Ways and Means

Summary

Establishes the housing down payment assistance fund. Establishes a tax of 50% of the fair market value of a single family residence for each single family residence acquired by an applicable taxpayer after the applicable date. Establishes a maximum number of single family residences that may be owned by an applicable taxpayer after the applicable date for purposes of calculating an annual tax on any excess single family residences.

Sponsor (1)

Action history (2)
  1. Jan 9, 2024 Authored by Representative Harris · lower
  2. Jan 9, 2024 First reading: referred to Committee on Ways and Means · lower
Subjects
PROPERTY; HousingSTATE GOVERNMENT; State and Local FundingTAXES; Property Taxes

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) · PDF

Full text

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