Indiana House Bill 1270 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Engrossed on February 21 2011 - 50% progression, died in committee
Action: 2011-02-22 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Amended) [HTML]

Provides that the property tax exemption for fraternity or sorority property applies to property used for administrative purposes including property owned by a national or international headquarters, fraternity or sorority foundations, and housing corporations. Establishes standards for determining when a cooperative housing corporation is eligible for a standard deduction or a 1% circuit breaker credit. Specifies the terms that a contract for the purchase of real property must include to qualify the buyer for certain property tax deductions. Defines a contract containing the required terms as a qualified installment contract. Provides that a person who: (1) owns property subject to taxation; (2) misrepresents a residential lease as a qualified installment contract; and (3) through the person's misrepresentation causes another individual to improperly claim a deduction that is made available to a buyer under a qualified installment contract; is liable for any additional taxes that would have been due on the property if the person had leased the property to the purported contract buyer, plus a civil penalty equal to 10% of the additional taxes due. Provides for the retroactive application of a property tax exemption to a taxpayer that owns real and personal property used as part of or in connection with a men's cooperative house.

Property taxes.

Rep. Gregory Porter [D]

Rep. Cherrish Pryor [D]

Rep. Vernon Smith [D]

2011-02-21 - House - House - Third reading: passed (Y: 97 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-02-22		First reading: referred to Committee on Appropriations
2011-02-21		Senate sponsors: Senators Miller and Taylor
2011-02-21		Referred to the Senate
2011-02-21		Third reading: passed; Roll Call 214: yeas 97, nays 0
2011-02-17		Representative Porter added as coauthor
2011-02-17		Amendment 1 (Truitt), prevailed; voice vote
2011-02-17		Amendment 2 (Pryor), prevailed; voice vote
2011-02-17		Second reading: amended, ordered engrossed
2011-02-14		Committee report: amend do pass, adopted
2011-01-12		First reading: referred to Committee on Ways and Means
2011-01-12		Coauthored by Representative M. Smith
2011-01-12		Authored by Representative Pryor

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=HB&docno=1270
Text	http://www.in.gov/legislative/bills/2011/IN/IN1270.1.html
Text	http://www.in.gov/legislative/bills/2011/HB/HB1270.1.html
Text	http://www.in.gov/legislative/bills/2011/HB/HB1270.2.html
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Hrollcal/0214.PDF.pdf