Indiana Senate Bill 401 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 4-2)
Status: Engrossed on February 5 2020 - 50% progression, died in committee
Action: 2020-02-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]

Deduction for rehabilitation of residential property. Reinstates a property tax deduction for the rehabilitation of residential property that occurs after December 31, 2020. (Current law limits this deduction to residential rehabilitation occurring before January 2, 2017.) Provides that after December 31, 2020, the deduction applies only to homesteads. Increases the maximum assessed value of the improvements for purposes of the deduction. Amends the definition of "rehabilitation". Removes the scheduled expiration of the deduction. Makes conforming changes.

Deduction for rehabilitation of residential property.

Sen. Brian Buchanan [R]	Sen. Andy Zay [R]	Sen. Lonnie Randolph [D]	Sen. Linda Rogers [R]
Sen. Timothy Lanane [D]	Rep. Jeffrey Thompson [R]

2020-02-04 - Senate - Senate - Third reading (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]
2020-01-28 - Senate - Senate - Committee Vote (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-02-11	House	First reading: referred to Committee on Ways and Means
2020-02-05	Senate	Referred to the House
2020-02-04	Senate	Senator Lanane added as coauthor
2020-02-04	Senate	Senator Rogers added as coauthor
2020-02-04	Senate	House sponsor: Representative Thompson
2020-02-04	Senate	Third reading: passed; Roll Call 181: yeas 49, nays 0
2020-02-03	Senate	Senator Randolph added as coauthor
2020-02-03	Senate	Senator Zay added as second author
2020-02-03	Senate	Amendment #1 (Buchanan) prevailed; voice vote
2020-02-03	Senate	Second reading: amended, ordered engrossed
2020-01-30	Senate	Committee report: amend do pass, adopted
2020-01-14	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2020-01-14	Senate	Authored by Senator Buchanan

Type	Source
Summary	https://iga.in.gov/legislative/2020/bills/senate/401/details
Text	http://iga.in.gov/static-documents/9/b/a/4/9ba4d466/SB0401.01.INTR.pdf
Text	http://iga.in.gov/static-documents/c/4/b/b/c4bb1b20/SB0401.01.INTR.pdf
Text	http://iga.in.gov/static-documents/9/f/1/f/9f1fa8f8/SB0401.02.COMS.pdf
Text	http://iga.in.gov/static-documents/e/7/7/3/e773168b/SB0401.02.COMS.pdf
Text	http://iga.in.gov/static-documents/6/c/d/3/6cd37677/SB0401.03.ENGS.pdf
Roll Call	http://iga.in.gov/static-documents/9/c/a/9/9ca96fca/SB0401.01.INTR.00.pdf
Roll Call	http://iga.in.gov/static-documents/9/1/1/a/911a9517/SB0401.181_S.pdf