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House Bill 1273


House Bill 1273

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Taxation of eminent domain proceeds. Provides that gain attributable to the sale or condemnation of real property located in Indiana resulting from a threatened, imminent, or actual exercise of the power of eminent domain is not subject to: (1) the adjusted gross income tax; (2) the financial institutions tax; or (3) local income taxes based on adjusted gross income.
Current Status:
 In Committee - first House
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