Introduced Senate Bill (S)

Authored by

DIGEST

Tax issues. Provides that the lottery commission must obtain a tax clearance statement from the department of state revenue (DOR) for a retailer before the lottery commission may enter into a contract with that retailer. (Current law requires the retailer to provide the tax clearance statement to the lottery commission.) Requires the riverboat supplemental wagering tax and wagering tax to be paid four days (rather than one day, under current law) before the last business day of each month. Provides that, beginning after June 30, 2018, a county, city, or town that receives an initial application for a property tax Tax issues. Provides that the lottery commission must obtain a tax clearance statement from the department of state revenue (DOR) for a retailer before the lottery commission may enter into a contract with that retailer. (Current law requires the retailer to provide the tax clearance statement to the lottery commission.) Requires the riverboat supplemental wagering tax and wagering tax to be paid four days (rather than one day, under current law) before the last business day of each month. Provides that, beginning after June 30, 2018, a county, city, or town that receives an initial application for a property tax abatement deduction (abatement deduction) for real or personal property in an economic revitalization area must notify each taxing unit in the taxing district in which the property is located of the receipt of the application. Allows each taxing unit to adopt a resolution to support the abatement deduction. Provides that, if less than all taxing units pass a resolution to support the abatement deduction, the county auditor shall apply the deduction only against assessed value for those taxing units that support the deduction, and may not apply the deduction against assessed value for the taxing units that do not support the deduction. Provides that the separate net assessed value must be used for purposes of calculating a budget, rate, or levy of the taxing unit. Prohibits a county, city, or town from approving an abatement deduction if the deduction applicant or property owner, on the date of the application, is conducting the business activities: (1) that form the basis for the statement of benefits; or (2) that are required for the approval of the application; at another location in Indiana. Eliminates the infrastructure development zone property tax exemption for assessment dates after January 1, 2019. Eliminates the property tax deduction for personal property within a certified technology park that is assessed for the first time after January 1, 2019 (but does not eliminate the property tax deduction claimed under a deduction schedule filed after January 1, 2019, for personal property that was assessed for the first time before January 2, 2019). Eliminates the maritime opportunity district property tax deduction for new manufacturing equipment installed in a district after June 30, 2018. Provides that the reduced tax rate for a corporation in a qualified military enhancement area (area) applies only to a corporation that locates all or part of its operations in an area before January 1, 2019 (but does not prevent the tax rate from applying to succeeding taxable years of a corporation after December 31, 2018, if the corporation has located all or part of its operations in an area before January 1, 2019). Eliminates various income tax credits and deductions. Makes technical corrections and conforming changes. Provides that the DOR may require that certain information be provided or updated before the issuance or renewal of a registered retail merchant's certificate. Specifies that if for any taxable year a taxpayer is subject to different corporate income tax rates, the calculation is based on the number of days (rather than months, under current law) that each of the different tax rates is in effect. Provides that if the due date for a federal income tax return is extended by the Internal Revenue Service to a date that is later than the date otherwise required for a state income tax return, the DOR may extend the due date of the state return to the due date permitted for the federal return. Authorizes the DOR to issue refunds in certain circumstances without a taxpayer filing a refund claim. Requires certain state and local employees and contractors, subcontractors, and parties to a cooperative agreement with the state whose duties include access to confidential tax information to submit to a fingerprint based criminal history background check of both national and state records data bases. ... View more