Bill Text: IN HB1249 | 2012 | Regular Session | Engrossed
Bill Title: Land banks and tax sales process.
Spectrum: Bipartisan Bill
Status: (Enrolled - Dead) 2012-03-16 - Signed by the Governor [HB1249 Detail]
Download: Indiana-2012-HB1249-Engrossed.html
Citations Affected: Noncode.
Synopsis: Land banks and tax sales process. Urges the legislative
council to assign to an existing study committee, for study during the
2012 interim, the following topics: (1) Land banks. (2) Indiana's tax
sales process. If the topics are assigned to a study committee, requires
the committee to study: (1) the use and effectiveness of Indiana's
current land bank statute; (2) issues relating to creation of land banks
at the municipal level, as opposed to the county level; (3) the
implications that land banks would have for Indiana's current tax sale
process; (4) the effect of Indiana's current tax sale process on the
disposition of vacant and abandoned property; (5) the effect that
creation of municipal land banks would have for local revenues; (6)
land bank issues unique to Marion County; (7) reducing the amount of
time needed to complete the tax sales process; and (8) other issues
related to land banks and the tax sales process. Provides that the
committee expires January 1, 2013.
Effective: Upon passage.
(SENATE SPONSORS _ MERRITT, HOLDMAN, BREAUX)
January 9, 2012, read first time and referred to Committee on Local Government.
January 26, 2012, amended, reported _ Do Pass.
January 30, 2012, read second time, ordered engrossed. Engrossed.
January 31, 2012, read third time, passed. Yeas 95, nays 0.
February 1, 2012, read first time and referred to Committee on Local Government.
February 23, 2012, amended, reported favorably _ Do Pass.
February 27, 2012, read second time, amended, ordered engrossed.
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or
A BILL FOR AN ACT concerning the general assembly.
(1) Land banks.
(2) Indiana's tax sales process.
(b) If the topic is assigned to an existing study committee under subsection (a), the study committee shall study the following:
(1) The use and effectiveness of Indiana's current land bank statute.
(2) Issues relating to creation of land banks at the municipal level, as opposed to the county level.
(3) The implications that land banks would have for Indiana's current tax sale process.
(4) The effect of Indiana's current tax sale process on the disposition of vacant and abandoned property.
(5) The effect that creation of municipal land banks would
have for local revenues.
(6) Land bank issues unique to Marion County.
(7) Reducing the amount of time needed to complete the tax
sales process.
(8) Other issues related to land banks and the tax sales
process.
(c) This SECTION expires January 1, 2013.
