HB 1162 IN
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
Prohibits a landlord from increasing the gross rental rate for certain rental units more than the lesser of: (1) 5%, plus the percentage cost of living increase; or (2) 10%; of the lowest gross rental rate charged for the rental unit during the 12 months prior to the effective date of the increase. Prohibits a landlord from increasing the gross rental rate in more than two increments over a 12 month period. Requires the legislative services agency to submit a report to the general assembly not later than July 1, 2030, analyzing the impact of the rental rate cap on the housing market in Indiana.
Sponsor (1)
- Robin Shackleford Democratic · author
Action history (2)
- Jan 8, 2025 Authored by Representative Shackleford · lower
- Jan 8, 2025 First reading: referred to Committee on Judiciary · lower
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments