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Introduced House Bill (H)

DIGEST

Property tax exemption. Provides a property tax exemption effective January 1, 2017, for certain property owned by an Indiana nonprofit public benefit corporation exempt from taxation under Section 501(c)(3) of the Internal Revenue Code if: (1) the property is used in the operation of a nonprofit health, fitness, aquatics, and community center; and (2) the acquisition and development of the property are provided in part under the regional cities initiative of the Indiana economic development corporation. Provides for a refund for any property taxes paid in 2018 and 2019. Property tax exemption. Provides a property tax exemption effective January 1, 2017, for certain property owned by an Indiana nonprofit public benefit corporation exempt from taxation under Section 501(c)(3) of the Internal Revenue Code if: (1) the property is used in the operation of a nonprofit health, fitness, aquatics, and community center; and (2) the acquisition and development of the property are provided in part under the regional cities initiative of the Indiana economic development corporation. Provides for a refund for any property taxes paid in 2018 and 2019.