Indiana House Bill 1435 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Engrossed on March 28 2011 - 50% progression, died in committee
Action: 2011-03-29 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Amended) [HTML]

Extends the time for amending a personal property tax return from six months to one year from the date the original return was filed or the extension date, whichever is later. Provides that if an amended personal property tax return is filed between six months and one year after the filing date or the extension date, whichever is later, the taxpayer's refund or credit, if any, is reduced by 10%. Provides that if the credit to which a taxpayer is entitled as the result of filing an amended property tax return exceeds $25,000, a county auditor may carry the credit forward for not more than three succeeding years and apply the credit to the taxpayer's personal property taxes payable in those succeeding years, with any excess credit remaining after the third year refunded to the taxpayer.

Amended personal property tax returns.

Rep. Bill Davis [R]

Rep. Vernon Smith [D]

Rep. Peggy Welch [D]

2011-03-28 - House - House - Third reading: passed (Y: 96 N: 2 NV: 1 Abs: 1) [PASS]

Date	Chamber	Action
2011-03-29		First reading: referred to Committee on Tax and Fiscal Policy
2011-03-28		Senate sponsors: Senators Paul and Eckerty
2011-03-28		Referred to the Senate
2011-03-28		Third reading: passed; Roll Call 286: yeas 96, nays 2
2011-02-21		Second reading: ordered engrossed
2011-02-17		Representative M. Smith added as coauthor
2011-02-17		Committee report: do pass, adopted
2011-02-15		Representative Welch added as coauthor
2011-01-18		First reading: referred to Committee on Ways and Means
2011-01-18		Authored by Representative Davis

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=HB&docno=1435
Text	http://www.in.gov/legislative/bills/2011/IN/IN1435.1.html
Text	http://www.in.gov/legislative/bills/2011/HB/HB1435.1.html
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Hrollcal/0286.PDF.pdf