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House Bill 1249


House Bill 1249

ARCHIVE (2012)

Latest Information

 

DIGEST OF HB 1249 (Updated March 8, 2012 11:46 am - DI 84)


Land banks and tax sales process. Urges the legislative council to assign to an existing study committee, for study during the 2012 interim, the following topics: (1) Land banks. (2) Indiana's tax sales process. If the topics are assigned to a study committee, requires the committee to study: (1) the use and effectiveness of Indiana's current land bank statute; (2) issues relating to creation of land banks at the municipal level, as opposed to the county level; (3) the implications that land banks would have for Indiana's current tax sale process; (4) the effect of Indiana's current tax sale process on the disposition of vacant and abandoned property; (5) the effect that creation of municipal land banks would have for local revenues; (6) land bank issues unique to Marion County; (7) reducing the amount of time needed to complete the tax sales process; and (8) other issues related to land banks and the tax sales process.
Current Status:
 Law Enacted
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