Enrolled House Bill (H)

Authored by

Co-Authored by

DIGEST

Property tax matters. Provides that a political subdivision must upload a copy of a contract that the political subdivision enters into after June 30, 2016, to the Indiana transparency Internet web site if the total cost of the contract exceeds $50,000. Specifies the definition of "low income rental property" for purposes of property tax assessment. Specifies the total true tax value of low income rental property that is used to provide Medicaid assisted living services. Allows the department of local government finance (DLGF) to use estimated data to compute six year rolling averages for the purpose of determining the annual Property tax matters. Provides that a political subdivision must upload a copy of a contract that the political subdivision enters into after June 30, 2016, to the Indiana transparency Internet web site if the total cost of the contract exceeds $50,000. Specifies the definition of "low income rental property" for purposes of property tax assessment. Specifies the total true tax value of low income rental property that is used to provide Medicaid assisted living services. Allows the department of local government finance (DLGF) to use estimated data to compute six year rolling averages for the purpose of determining the annual adjustments of assessed values between reassessments. Provides that the DLGF shall release DLGF's annual determination of the statewide agricultural land base rate value (base rate) on or before March 1 of each year. Makes the statute specifying the assessed value of outdoor advertising signs permanent. Provides that certain outdoor signs shall be disregarded for the purpose of determining an assessment of the land on which the outdoor sign is located. Provides that a public utility that fails to timely file a statement concerning the property owned or used by the public utility on an assessment date shall remit the penalty to the department of state revenue. Defines the terms "installment loan" and "mortgage" for purposes of the mortgage deduction. Restates the conditions for when a taxpayer must reapply for various property tax deductions. Restates the requirement that a taxpayer file a certified statement with the county auditor when the taxpayer ceases to be eligible for the standard deduction for a property. Provides that Jennings Township in Fayette County may increase its maximum township unit levy and its maximum levy for fire protection and emergency services for 2018. Provides that both the executive of a political subdivision and a majority of the members of the fiscal body of a political subdivision may independently request technical assistance from the distressed unit appeal board in helping prevent the political subdivision from becoming a distressed political subdivision. Provides that a multiple county property tax assessment board of appeals shall submit to the DLGF, the Indiana board of tax review, and the legislative services agency separate reports for each county participating in the multiple county property tax assessment board of appeals. Authorizes, but does not require, the DLGF to adopt rules to limit the basis of payment for services provided by professionals who work on capital projects to a fee for service agreement. Provides that the DLGF may adopt a rule after June 30, 2016, and before September 1, 2017, that concerns or includes market segmentation and affects assessments for the January 1, 2018, assessment date. Provides that the DLGF may not adopt a rule concerning the practice of a representative before a property tax assessment board or DLGF that restricts the ability of a certified public accountant to represent a client in a matter relating to the taxation of personal property or distributable property. Allows a county treasurer and the county auditor to implement a policy to waive, negotiate, or settle penalties that have accrued on delinquent property taxes, if the fiscal body of the county approves the policy. Repeals the requirements that the budget agency publish by May 1 each year an estimate of the total amount of statewide distributions of local income tax revenue for: (1) the following two years, in an odd-numbered year; and (2) the following year, in an even-numbered year. Eliminates the requirement in current law that the DLGF review a loan contract entered into by an airport authority. Specifies that the election of the directors of a conservancy district's board shall be by a plurality of the votes (instead of a majority of the votes, in current law). Provides that a conservancy district is not required to go through the budget review process unless the conservancy district imposes a levy. Adds conditions that a school corporation must satisfy to increase its maximum transportation fund levy. Specifies an October 20 filing deadline for an appeal. Increases the service of process fee from $25 to $28, provides that the clerk shall collect the fee rather than the sheriff, and distributes $1 of the fee to the clerk's record perpetuation fund. Provides that the executive of a township may use money in the township's rainy day fund to pay the costs attributable to providing fire protection and emergency services. Removes the requirement that the township firefighting fund be the exclusive fund used for providing fire protection or emergency services. Provides that a redevelopment commission's annual report to the unit that created the redevelopment commission must include both a list of parcels of real property and the depreciable personal property of designated taxpayers in the redevelopment area. Provides that a fire protection district may be a participating unit in a fire protection territory. Provides that a resolution by a provider unit to withdraw from a fire protection territory is effective on January 1 of the year following the year in which the resolution is adopted. Provides that if the provider unit of a fire protection territory withdraws, a majority of the remaining units must agree on which unit is to become the successor provider unit. Specifies the definition of "public funds" for purposes of public purchasing and public works projects. Provides that the drainage board of a county may not impose interest on a drainage assessment for construction or reconstruction if the construction or reconstruction is financed through the issuance of bonds or a construction loan. Specifies accounting procedures for drainage assessment construction or reconstruction loans having a term of fewer than six years. Allows a school corporation located in Vanderburgh County to impose a property tax at a rate of up to $0.005 to provide money to a historical society for restoration and maintenance of Bosse Field. Allows certain nonprofit entities that failed to comply with the exemption filing deadlines to claim the property tax exemptions that the nonprofit entities were otherwise entitled to claim. Requires the DLGF to: (1) increase Knox County's maximum permissible ad valorem property tax levy by $319,960 for taxes payable in 2018; and (2) decrease Knox County's maximum permissible ad valorem property tax levy by $319,960 for taxes payable in 2019. Urges the legislative council to assign to a study committee the topic of issues related to establishing a neighborhood enhancement property tax relief program. Urges the legislative council to assign to the interim study committee on agriculture and natural resources or another appropriate interim study committee the topic of creating a dedicated funding source for zoological parks in the state to: (1) promote tourism; (2) further job creation; (3) enhance educational opportunities; and (4) develop animal and botanical exhibitions. Makes technical corrections. ... View more