IN SB0045 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2023 - 25% progression, died in committee
Action: 2023-01-09 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 9 2023 - 25% progression, died in committee
Action: 2023-01-09 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Elimination of annual adjustments to assessed values. Eliminates the annual adjustments (or "trending") to assessed values of certain real property for assessment dates beginning after December 31, 2023. Retains the provisions in current law that require four year cyclical reassessments. Allows a reassessment plan for the four year cyclical reassessments to include trending factors in the plan. Does not eliminate the annual adjustment for agricultural land. Makes conforming changes. Makes technical corrections.
Title
Elimination of annual adjustments to assessed values.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-09 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
| 2023-01-09 | Senate | Authored by Senator Niemeyer |
Subjects
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2023/bills/senate/45/details |
| Text | https://iga.in.gov/legislative/2023/bills/senate/45/#1.INTR |
