The IndyBar Legislative Committee is currently monitoring the following tax-related legislation. IndyBar members can request that the Legislative Committee track specific legislation by contacting committee chair Mindy Westrick at email@example.com.
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HB1001 TAX EXEMPTION FOR NEW PERSONAL PROPERTY. (TURNER P)
Provides that a county income tax council may adopt an ordinance to exempt from property taxation any new business personal property (other than utility personal property) that is located in the county.
HB1003 ECONOMIC DEVELOPMENT. (BRAUN S)
Provides for grants to eligible school corporations and charter schools to support cooperative arrangements with businesses for training students. Provides that an economic development for a growing economy (EDGE) tax credit may be awarded to a business that employs students who have participated in a course of study that includes a cooperative arrangement between the business and an educational institution for the training of students in high wage, high demand jobs that require industry certifications. Renames the Indiana workforce intelligence system the Indiana network of knowledge (INK). Repeals provisions that assign to the Indiana career council responsibility for the INK, and transfers administration and oversight of the INK to the INK governance committee and the INK executive director appointed by the governor. Establishes an INK governance committee consisting of: (1) the commissioner of the department of workforce development; (2) the commissioner of the commission for higher education; (3) the superintendent of public instruction; (4) a member representing private colleges and universities appointed by the governor; (5) a member representing the business community appointed by the governor; and (6) the INK executive director, who serves in an advisory capacity. Authorizes the governor to appoint additional members of the INK governance committee as necessary. Requires the governor to appoint the INK executive director from a list of three candidates submitted by the INK governance committee. Requires agencies of the state to submit data to the INK as requested by the executive director. Allows private sector employers, groups, associations, agencies and other entities, private institutions of higher education, and nonaccredited private secondary schools to submit data to the INK by working with the executive director. Provides that the INK may not obtain or store student disciplinary, juvenile delinquency, criminal, or medical and health records.
HB1020 STUDY OF ECONOMIC DEVELOPMENT INCENTIVES. (KOCH E)
Requires the commission on state tax and financing policy to review, analyze, and evaluate state and local tax incentives that are provided to encourage economic development or to alter, reward, or subsidize a particular action or behavior by a tax incentive recipient. Requires the use of a five year review schedule. Requires the commission to publish a report before November 1 each year on tax incentives reviewed that year. Provides that the requirement to produce the annual report on state and local tax incentives expires December 31, 2023. Requires the department of local government finance to conduct an annual audit of every 1% of the statement of benefits submitted by taxpayers who receive property tax abatements.
HB1027 PROPERTY TAX EXEMPTIONS. (DEVON D)
Provides that a nonprofit youth baseball and softball association may submit an exemption application before July 1, 2014, for property tax exemptions for an eligible property with respect to one or more of the 2008, 2009, and 2010 assessment dates. Provides that the association is entitled to a property tax exemption if the county assessor finds that the parcel would have qualified for an exemption if an exemption application had been filed in a timely manner. Provides that certain eligible taxpayers in Marion County may submit exemption applications before September 1, 2014, for property tax exemptions for eligible properties with respect to the 2011 assessment date, the 2012 assessment date, or both the 2011 and 2012 assessment dates. Provides that eligible taxpayers are entitled to a refund for any back taxes, penalties, and interest paid with respect to an eligible property. Allows a county auditor to determine that a refund must be paid in two annual installments.
HB1046 PROPERTY TAX DEDUCTION FOR MORTISE AND TENON BARNS. (CHERRY R)
Permits a county to adopt an ordinance providing a 100% property tax deduction against the assessed value of certain mortise and tenon barns. Provides that the ordinance may require a person obtaining the deduction to pay a public safety fee for each barn for which the person receives a deduction. Requires the office of tourism development to promote tourism, visitation, and other hospitality opportunities featuring mortise and tenon barns located in Indiana.
HB1062 DEBT SERVICE FUNDS. (HUSTON T)
Provides that the maximum amount allowed for an operating balance in the debt service fund is the sum of: (1) 50% of the budget estimate for the debt service on debt originally incurred before January 1, 2009, or on debt originally incurred after December 31, 2008, but before July 1, 2014, if the first bond payment of the year is due before January 11; plus (2) 25% of the amount budgeted for the ensuing year for other debt service. Provides that taxes levied under the allowance may not be construed as an increase in a political subdivision's property tax levy to make up for a reduction in property tax collections under the circuit breaker law. Provides that if the terms of a refinanced debt extend the period to repay the debt beyond the repayment period of the original debt, the obligation of the political subdivision to make a payment in a calendar year beginning after December 31 of the calendar year in which the original debt would have been retired is considered a debt originally incurred on the date that the refinancing is closed.
HB1071 TAXATION OF CIVIL SERVICE ANNUITIES. (CLERE E)
Provides that the maximum state income tax deduction for federal civil service annuity income is equal to the lesser of: (1) the amount of federal civil service annuity income received during the taxable year; or (2) the average annual federal Social Security retirement benefit paid to Indiana retired workers during the calendar year preceding the taxpayer's taxable year. Retains the provision that reduces the deduction by the amount of any federal Social Security and railroad retirement benefits received by the taxpayer during the taxable year. Provides that the deduction is also available to a surviving spouse.
HB1180 VARIOUS COMMERCIAL VEHICLE MATTERS. (FRYE R)
Makes various changes concerning the administration of the tax credit for natural gas powered vehicles. Excludes natural gas products from the definition of alternative fuel. Excludes alternative fuels from the definition of special fuel. Specifies that propane and butane are alternative fuels. Establishes an alternative fuel decal system. Provides that the road tax credit for motor carriers consuming compressed natural gas must be claimed on a quarterly basis. Makes numerous changes to the registration requirements for owners of commercial vehicles who register at least 25 vehicles that all have declared gross vehicle weights exceeding 26,000 pounds. Provides that the operator of a motor vehicle using compressed gas as a motor fuel is subject to the same nighttime operating requirements outside the corporate limits of a municipality as other vehicles and is permitted to carry flares or red-burning fuses.
HB1181 CAREER AND TECHNICAL EDUCATION CENTERS. (FRYE R)
Provides that a school corporation career and technical education center may receive a grant from the Indiana safe schools fund. Provides that a school corporation career and technical education center may receive an advance from the common school fund. Specifies that each member school corporation is considered to receive a proportionate share of the advance and is responsible for its proportionate share of the repayment based on the number of pupils the school corporation has attending the career and technical education center in the school year when the advance is made. Allows a school corporation career and technical education center to receive an advance even if the school corporation has an outstanding advance. Specifies, for purposes of the law relating to controlled project financing, that the project cost is not the total project cost but is to be allocated among the member school corporations based on pupils. Provides an exception to the property tax circuit breaker credit so that each member school corporation may increase its property tax levy to repay its proportionate share of such an advance that is the same as the exception for a school corporation general fund referendum levy.
HB1211 INDEXING FAMILY TAX EXEMPTIONS. (BROWN T)
Requires that the income tax exemption for individuals, dependents, individuals who are blind, and the elderly (including a dependent child and the elderly with an adjusted gross income less than $40,000) must be adjusted according to the Consumer Price Index. Increases the dependent child exemption from $1,500 to $2,000. Requires the department of state revenue to publish certain information concerning adjustments to personal exemptions on the transparency Internet web site.
HB1215 HISTORIC PRESERVATION. (CLERE E)
Requires the commission on state tax and financing policy to compare the effectiveness of tax credits to the effectiveness of grant programs in encouraging the preservation and commercial redevelopment of historic properties.
HB1219 FARM PRODUCTS AND VEHICLES. (CHERRY R)
Amends the definitions of "farm product" and "farm vehicles" for purposes of the motor vehicle law. Makes conforming changes.
HB1222 ADOPTION COMMITTEE AND TAX CREDIT. (KUBACKI R)
Provides an adjusted gross income tax credit for an individual who is eligible to claim the federal adoption credit. Establishes the interim committee on adoption to: (1) study how other states provide services under public adoption programs and study legal and regulatory costs associated with foster care and private adoption; (2) make recommendations concerning improving adoption programs; and (3) report the committee's findings and recommendations.
HB1234 PROPERTY TAX MATTERS. (THOMPSON J)
Provides that for residential real property or a mobile home that is not assessed as real property and that is equipped with a solar, wind, geothermal, or hydroelectric heating or cooling system, the assessed value of the property is not to be increased if the improvement replaces a traditional heating or cooling system. Changes the assessed value deduction amounts from 100% to 50% of the out-of-pocket costs for solar, wind, geothermal, and hydroelectric devices that are placed on residential property. Requires county treasurers to mail property tax statements at least 15 business days, instead of 15 calendar days, before the first payment is due. Provides that an employee of an assessor's office or an appraiser may not serve as a voting member of the property tax assessment board of appeals (PTABOA) in the county where the individual is employed. Allows a county fiscal body to waive certification requirements for certain members of the PTABOA appointed by the fiscal body. Establishes assessor, appraiser, and tax representative standards of conduct. Establishes a certification appeal board to conduct appeals brought by assessors and employees of assessors whose certifications are revoked by the department of local government finance. Authorizes the Hendricks County commissioners to adopt an ordinance establishing an emergency communications services system for a three year pilot program. Provides that the Hendricks County council may certify a special assessment on property in the county for deposit in the district's emergency communications services fund. Specifies the purposes for which money in the fund may be spent. Provides that Hendricks County is exempt from the fees imposed under the statewide 911 system while the pilot program is in effect. Specifies that funds that remain in a fund or account established for the deposit of distributions received under the statewide 911 system are transferred to the emergency communications services funds. Makes conforming amendments.
HB1266 LOCAL GOVERNMENT FINANCE ISSUES. (LEONARD D)
Provides that public utility property tax returns shall be filed in the manner prescribed by the department of local government finance (DLGF). Allows a railroad car company to file its return by July 1 (rather than May 1). Authorizes a public utility company to file an amended return. Provides that the penalty assessed on a public utility company for filing a late return may not exceed $1,000. Provides that if the DLGF assesses the property of a public utility company because the public utility company does not file a return, the public utility company may file a return with the DLGF and the DLGF may amend its assessment. Provides that if, after an assessment date, an exempt property is transferred or its use is changed resulting in its ineligibility for an exemption, the county assessor shall terminate the exemption for that assessment date. Specifies that if the property remains eligible for an exemption following the transfer or change in use, the exemption shall be left in place for that assessment date. Provides that for the following assessment date, the person that obtained the exemption or the current owner of the property shall file an application with the county assessor. Requires applications for certain property tax deductions to be completed and dated in the calendar year for which the taxpayer wishes to obtain the deduction and to be filed with the county auditor on or before January 5 of the immediately succeeding calendar year. Provides that a petition to correct error must be filed within three years after the taxes were first due. Requires a public library that is governed by an appointed board, has a taxing district located within at least two counties, and has total annual appropriations of at least $2,000,000 to obtain, from the appropriate county, city, or town fiscal body, binding approval of the public library's budget and tax levies. (This binding approval is also required under current law if the public library's budget increases by more than the assessed value growth quotient.) Requires a political subdivision to submit to the DLGF information concerning the adoption of budgets and tax levies using the DLGF's computer gateway (rather than publish the information in a newspaper). Requires the DLGF to make this information available to taxpayers through its computer gateway and provide a telephone number through which taxpayers may request copies of a political subdivision's information. Specifies that for taxes due and payable in 2015 and 2016, each county shall publish a notice stating the Internet address at which the budget information is available and the telephone number through which taxpayers may request copies of a political subdivision's budget information. Allows counties to seek reimbursement from the political subdivisions in the county for the cost of the notice. Provides that if a political subdivision timely submits the budget information to the DLGF's computer gateway but subsequently discovers the information contains a typographical error, the political subdivision may request permission from the DLGF to submit amended information. Specifies the conditions under which the DLGF shall increase a political subdivision's tax levy to an amount that exceeds the amount originally advertised or adopted by the political subdivision. Provides that if the DLGF increases a tax levy under this provision, the DLGF shall reduce the levy for each fund affected below the maximum allowable levy by the lesser of: (1) 5% of the difference between the advertised or adopted levy and the increased levy; or (2) $100,000. Allows DeKalb County and the town of Middlebury to borrow money to offset levy reductions made by the department of local government finance because budget and property tax levy information were not properly advertised. Eliminates the provision added in 2013 that specifies that the exemption from the property tax levy limits for property taxes to pay debt does not apply to property taxes imposed by a township to repay money borrowed under the emergency loan provisions. Specifies that the balance maintained by the provider unit of a fire protection territory may not exceed 120% of the budgeted expenses of the territory. Establishes the public safety equipment revolving loan fund (loan fund) to provide loans to qualified purchasers to purchase public safety equipment. Provides that the division of preparedness and training within the department of homeland security shall administer the fund. Repeals an obsolete provision concerning the abolishment of the firefighting and emergency equipment revolving loan fund (firefighting fund). Transfers from the fire training infrastructure fund to the loan fund an amount equal to the amount of loans outstanding from the firefighting fund (before its repeal) that were repaid to the fire training infrastructure fund after the repeal of the firefighting fund. Provides that revenue from certain charges imposed by volunteer fire departments may be used to repay a loan from the loan fund. Specifies that the requirements concerning reporting of other post employment benefits (OPEB) information to the DLGF apply only to political subdivisions that complete a comprehensive annual financial report. Requires the OPEB information to be reported not later than 30 days after OPEB analysis is completed. Specifies certain information that must be included in a redevelopment commission's annual report. Requires redevelopment commissions to hold an annual hearing at which the commission determines the amount of excess assessed value, determines the tax increment replacement amount, and presents an estimate of tax increment revenues and financial obligations for the ensuing year. Provides that a redevelopment commission may not adopt a proposed resolution to establish or enlarge a tax increment financing area in such a manner that, if the resolution were adopted: (1) the aggregate area included in tax increment financing areas within the county would exceed a percentage of the area of the county; or (2) the aggregate base assessed value included in tax increment financing areas in the unit would exceed a percentage of the assessed value of property in the county; unless each taxing unit that is located in the tax increment financing area approves the establishment or modification of the tax increment financing area by resolution. Defines "designated taxing unit" for purposes of redevelopment areas in Marion County.
HB1307 VARIOUS NATURAL RESOURCE MATTERS. (EBERHART S)
Defines "geo-referenced". Allows a professional surveyor to use a geo-referenced aerial photograph in order to prepare a description of a parcel. Provides that any natural resources commission rules concerning other means to describe classified lands may not result in a real property description. Exempts from the boat excise tax a motorboat registered outside Indiana and docked on the Indiana part of Lake Michigan for a combined total of not more than 180 consecutive days. Amends certain definitions. Allows the director of the department of natural resources (DNR) to adopt rules that would authorize the taking of a wild animal in a state park under certain circumstances. Allows the director of DNR to consider certain factors when determining damages caused by a person releasing certain substances that kill wild animals. Changes procedures to settle a claim for damages that resulted in a kill to wild animals. Makes certain changes to the program to contain and reduce invasive animal species in the Wabash River. Allows the director of the DNR to issue a permit to take a wild animal to a person that owns or has an interest in property: (1) being damaged; (2) threatened with damage; or (3) on which a health or safety threat to persons or domestic animals is posed; by a wild animal. Allows for the permit to take a wild animal to be denied to a person, after an investigation of a complaint, if the complaint is unfounded or the applicant has not complied with certain requirements. Provides for a project permit under the flood control act to be issued for two years for most projects and five years for the department of transportation, federally funded county highway projects, and power generation facilities. Allows for a project permit issued under the flood control act to be renewed one time for a period of two years. Exempts from the definition of the practice of surveying classified parcels developed according to certain natural resources commission rules. Provides penalties for a person who provides fishing or hunting guide services to take wild animals that are protected by law. Repeals the pest control compact. Makes conforming changes. Makes a technical correction.
HB1342 ENVIRONMENTAL FEES AND EXPENSES. (WOLKINS D)
Provides that the hazardous waste disposal fee (which replaces the hazardous waste disposal tax), the fee on the disposal or incineration of solid waste, and the annual registration fee paid by owners of underground storage tanks shall be collected by the department of environmental management instead of the department of state revenue. Provides that 75% of the revenue from the hazardous waste disposal fee shall be deposited in the hazardous substance response fund and 25% shall be paid over to the county in which the hazardous waste is disposed of. Allows the commissioner of the department of environmental management, under certain circumstances, to authorize the modification of a restrictive covenant that the owner of a property contaminated with a hazardous substance has been required to execute and record. Provides for the administrative and personnel expenses incurred by the state in evaluating a proposed modification of a restrictive covenant to be paid from the hazardous substances response trust fund, and requires the environmental rules board to adopt rules providing for the recovery of those expenses by the state. Removes references to the solid waste management board, which was abolished on January 1, 2013.
HB1369 GARNISHMENT OF STATE TAX REFUNDS. (COX C)
Provides that if a debt has been reduced to a judgment in Indiana and the judgment has not been satisfied, set aside, or discharged in bankruptcy, the judgment creditor may garnish a state tax refund otherwise due to the debtor. Specifies the procedures that the judgment creditor must follow in obtaining the garnishment from the department of state revenue.
HB1370 ELIMINATES OBSOLETE PROVISIONS. (BAIRD J)
Removes obsolete provisions from the Indiana Code. Removes provisions that required one-time studies that have already been conducted. Eliminates a provision applying only to organizations of veterans of the Spanish American War. Strikes language that prohibited certain rules from requiring the reporting of certain information before January 1, 2004.
HB1380 VARIOUS TAX AND ADMINISTRATIVE ISSUES. (TURNER P)
Provides, for purposes of the property tax circuit breaker credit, that a commercial hotel, motel, inn, tourist camp, or tourist cabin is not residential property. Requires the distressed unit appeal board to approve and the state board of finance to make rainy day fund loans to certain distressed school corporations. Requires the distressed unit appeal board: (1) to designate a school corporation as a distressed political subdivision if the school corporation's petition for a loan from the counter-cyclical revenue and economic stabilization fund (fund) was denied in October 2013; and (2) to recommend that the school corporation be approved for a loan from the fund. Repeals the following income tax credits: (1) Prison investment credit. (2) Riverboat building credit. (3) Blended biodiesel credit. (4) Ethanol production credit. Allows the industrial recovery tax credit to be allocated among the members of a pass through entity. Updates references to the Internal Revenue Code. Provides a credit against county economic development income taxes for taxes paid to local governments outside Indiana. Provides that all Indiana adjusted gross income tax return and financial institutions tax return due date extensions are treated the same as an extension granted because of a federal income tax due date extension. Extends the current Vanderburgh County innkeeper's tax revenue distributions through December 31, 2019. Allows the department of state revenue to deny or suspend certain oversize and overweight vehicle permits if the applicant or permit holder is delinquent in paying escort fees to the state police department. Specifies that aviation manufacturing, aviation assembly, and aviation research and development facilities are aviation related property or facilities. Requires the office of the secretary of family and social services to study and report on the benefits provided to individuals whose income does not exceed 200% of the federal income poverty level. Urges the legislative council to study issues related to holding the proceeds of the sale of a major county asset in trust.
SB1 STATE AND LOCAL TAXATION. (HERSHMAN B)
Provides that if the value of a taxpayer's business personal property in a county that would otherwise be subject to taxation is less than $25,000 for a particular assessment date: (1) the taxpayer is not required to file a personal property return for the taxpayer's business personal property in the county for that assessment date; and (2) the taxpayer's business personal property in the county is exempt from taxation for that assessment date. Requires the taxpayer to file an annual certification with the county assessor. Provides that the tax rate for certain tax increment financing areas shall be calculated as if this exemption were not in effect. Provides that if a county or municipality receives a reimbursement, repayment, or penalty from a taxpayer on account of the taxpayer's failure to comply with the statement of benefits provided by the taxpayer as part of a property tax abatement or on account of the taxpayer's failure to comply with any other requirement to receive a property tax abatement, the county or municipal fiscal officer shall distribute the amount of the reimbursement, repayment, or penalty on a pro rata basis to each taxing unit that contains the property that was subject to the abatement deduction. Phases down the corporate income tax rate from 6.5% in 2015 to 4.9% in 2019. Phases down the financial institutions tax rate to 4.9% in 2022. Reduces the research and development tax credit percentage by half for qualified research expense incurred after 2014. Provides that a taxpayer is not entitled to: (1) a college contribution tax credit for contributions made in a taxable year beginning after 2014; (2) a riverboat building tax credit for qualified investments made in a taxable year beginning after 2014; (3) a biodiesel tax credit for the production or distribution of biodiesel or blended biodiesel in a taxable year beginning after 2014; (4) an ethanol production tax credit for the production of ethanol in a taxable year beginning after 2014; and (5) a new employer tax credit for wages paid in a taxable year beginning after 2014. Repeals the voluntary remediation tax credit statute. (Under current law, tax credits may not be awarded for taxable years after 2007, and the carryforward period has expired.) Repeals the energy savings tax credit. (Under current law, the tax credit may not be awarded for costs incurred after December 31, 2011, and may not be carried forward.) Provides that a retail merchant engaged in selling bulk propane at retail in Indiana shall claim a credit in April of 2014 equal to the sales tax paid by the retail merchant's customers after December 31, 2013, and before April 1, 2014, on that portion of the price of bulk propane that exceeded $2.50 per gallon. Requires such a retail merchant to provide a credit to customers of the retail merchant on their next purchases of bulk propane occurring after March 31, 2014. Establishes the commission on business personal property and business taxation to study certain issues during the 2014 legislative interim. Requires the commission on state tax and financing policy to study income tax deductions and exemptions during the 2014 and 2015 legislative interims.
SB85 SCHOOL RESOURCE OFFICERS. (LONG D)
Permits the secured school safety board to award a matching grant for school resource officer training. Requires a school resource officer to be: (1) employed by a law enforcement agency; or (2) appointed as a police reserve officer or special deputy. Permits the Indiana law enforcement training board to approve school resource officer training programs.
SB111 SOIL PRODUCTIVITY FACTORS. (LEISING J)
Provides that the soil productivity factors used for the March 1, 2011, assessment of agricultural land must be used for the March 1, 2014, assessment date. Specifies that new soil productivity factors shall be used for assessment dates occurring after March 1, 2014.
SB118 REDEVELOPMENT COMMISSIONS AND AUTHORITIES. (MILLER P)
Provides that a redevelopment commission may not enter into any obligation payable from public funds without first obtaining the approval of the legislative or fiscal body of the unit that established the commission. Provides an exception if the obligation is for the acquisition of real property and the payments are for three years or less or the purchase price is less than $5,000,000. Specifies that the approving ordinance or resolution must include certain items. Provides that a redevelopment commission and a department of redevelopment are subject to oversight by the legislative body of the unit, including review by the legislative body of annual budgets. Specifies that a redevelopment commission and a department of redevelopment are subject to the same laws, rules, and ordinances of a general nature that apply to all other commissions or departments of the unit. Specifies that a redevelopment commission, a department of redevelopment, and a redevelopment authority are subject to audit by the state board of accounts and covered by the public meetings and public records laws. Requires a redevelopment commission to provide to the legislative body of the unit at a public meeting all the information supporting the action the redevelopment commission proposes to take regarding the sale, transfer, or other disposition of property. Provides that if the amount of excess assessed value determined by the commission is expected to generate more than 200% of the amount of allocated tax proceeds necessary to carry out the commission's plan, a determination of the amount of the excess available to other taxing units by the commission must be approved by the legislative body of the unit. Permits the legislative body of the unit to modify the commission's determination with respect to the amount of excess assessed value. Requires the treasurer of a redevelopment commission outside Indianapolis and the secretary-treasurer of a redevelopment authority outside Indianapolis to report quarterly to the fiscal officer of the unit that established the commission or authority. Provides that the Indianapolis controller is the fiscal officer of the redevelopment commission and redevelopment authority in Indianapolis. Authorizes the Indianapolis controller to obtain financial services on a contractual basis. Prohibits a redevelopment commission, authority, or department, or a designee holding company from owning, leasing, or holding a single family dwelling or condominium unit that is leased for purposes of leasing for the use by individuals as a dwelling. Provides that if a redevelopment commission member or adviser or a redevelopment authority board member owns, directly or indirectly, more than 10% of a business entity, the individual is considered an owner of that business entity for purposes of determining whether the member or adviser has a pecuniary interest in a proposed contract, employment, purchase, or sale. Requires the department of local government finance, with the assistance of the state board of accounts, to prepare a report on redevelopment by redevelopment commissions, authorities, and departments and to submit and present the report to the commission on state tax and financing policy during the 2014 legislative interim. Eliminates the power of a commission to acquire property by eminent domain after June 30, 2014. Requires legislative body approval of any amendment of a plan or of a resolution establishing an allocation area. Provides, in the case of an allocation area that was initially established before July 1, 1995, that the expiration date of any allocation provisions for the allocation area is June 30, 2025, or the last date of any obligations outstanding on July 1, 2014, whichever is later. Provides that after June 30, 2014, a project involving telecommunication equipment, such as fiber optic cabling and related equipment, may not be included as part of the assessed value in an area.
SB135 ASSESSED VALUE CAP FOR VETERAN'S DEDUCTION. (ECKERTY D)
Increases the assessed value cap (from $143,160 to $195,600) that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) has at least a 10% disability and is at least 62 years of age.
SB158 PROPERTY TAXES. (KENLEY L)
Specifies requirements that must be met for a profit early childhood education provider to obtain a property tax exemption for educating children who are four or five years old. Prorates the exemption based on the number of children who are four or five years old.
SB161 STREAMLINED SALES TAX ISSUES. (KENLEY L)
Specifies that for purposes of computing sales tax, a seller may elect to round the tax on an item basis or an invoice basis. Removes blood glucose monitoring meters from the separate sales tax exemption for blood glucose supplies to comply with the Streamlined Sales and Use Tax Agreement. Provides that blood glucose meters and the packaging or literature for a blood glucose meter furnished without charge by a diabetic supply distributor are exempt from sales tax. (Blood glucose meters would also be exempt from sales tax as durable medical equipment if sold or rented under a prescription.) Provides that the sales tax exemption for blood glucose monitoring supplies applies only to supplies furnished without charge.
SB176 CENTRAL INDIANA TRANSIT. (MILLER P)
Provides for the establishment or expansion of public transportation services in an eligible county through local public questions placed on the ballot under ordinances adopted by the fiscal body of the eligible county. Provides that Delaware County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, and Marion County are eligible counties. Authorizes eligible counties to fund approved public transportation projects through various parts of the local option income tax rates that are available under current law for other purposes. Specifies that fares must cover 25% of the operating costs of a transportation system established or expanded under the bill. Authorizes interlocal agreements, public-private partnerships, and bonding with respect to a public transportation project. Prohibits a political subdivision from using public funds to promote a position on a local public question regarding transit. Prohibits an eligible county from carrying out a light rail project. Provides that the provisions in the bill do not create a moral obligation of the state. Specifies that no general revenues of the state may be used to pay for a transportation project or service under the provisions in the bill (but that this restriction does not apply to distributions from the public mass transportation fund). Requires goals for participation by minority business enterprises, veteran business enterprises, and women's business enterprises in the development of a public transportation project.
SB225 VARIOUS STATE AND LOCAL FINANCIAL MATTERS. (KENLEY L)
Permits, instead of requires, excess state general fund reserves less than $50,000,000 to be carried forward to the next year. Reduces from 50 to 25 the number of hard copy documents a state agency must provide to the state library. Permits the state library foundation to choose to have its annual audit performed by an independent certified public accountant or by the state board of accounts. Changes the publisher of the annual report of the meetings of the Indiana Academy of Science from the commission on public records to the Indiana Academy of Science. Changes various copy requirements concerning the Indiana Academy of Science's reports. Repeals the annual appropriation for the printing of the proceedings and papers of the Indiana Academy of Science. Repeals the requirement that the state offer active and retired employee health insurance coverage in the state plan for state employees and local government units. Recognizes multiparty agreements, including agreements with other states and local government units, using a transportation public-private arrangement. Modifies hearing requirements related to public-private partnership arrangements. Allows parties involved in a property tax appeal to agree to receive notices and other material by electronic means. Provides that any excess in use tax collections pertaining to remote sales is to be transferred from the state general fund to the major moves construction fund. Provides that the excess is not to be counted in determining whether an automatic taxpayer refund is to be made.
SB249 PROPERTY TAX SALES. (BUCK J)
Specifies that a property tax penalty for property sold by a county executive through a certificate of sale procedure is to be removed from the tax duplicate if the penalty is associated with a delinquency that was not due until after the date of the original tax sale but is due before the issuance of the certificate of sale by the county executive.
SB266 ASSESSMENT OF REAL PROPERTY. (SCHNEIDER S)
Provides a limit on the amount by which the assessed value of real property may be increased for the four assessment dates after the assessed value of the real property is determined in a property tax appeal, in the case of appeals initiated after the effective date of the statute. In the case of a property tax appeal that is pending on the effective date of the statute and that was filed within the preceding four years, the assessed value for the assessment date in question and for each of the following three assessment dates, may not be increased by more than a specified amount. Specifies that these limits do not apply to any part of a change in an assessment: (1) that is directly applicable to any change in the use of the property or in an objective factor or feature relating to the property, including an improvement or enlargement of the property; or (2) that results from the correction of an error or omission, including the correction of a mathematical error.
SB293 PRESERVING HERITAGE BARNS. (WATERMAN J)
Permits a person to receive a 100% deduction against the assessed value of certain heritage barns.
SB367 VARIOUS TAX MATTERS. (HERSHMAN B)
Changes the schedule of maximum property tax rates that may be imposed by an airport authority. Specifies that the maximum tax rate decreases as the assessed value within an airport authority reaches certain thresholds, but not to the extent required by current law. Specifies a maximum tax rate calculation that provides that the tax rate is not decreased to a level where the airport authority would initially lose tax revenue as the assessed value increases. Provides a three year time limit on refunds related to a petition to correct a property tax error. Makes the 2012 maximum property tax levy for Fairfield Township in Tippecanoe County permanent. For projects that are not school projects, specifies, in determining the ceiling under the controlled project law, that only the amount from bond proceeds are to be counted. Provides for purposes of the property tax circuit breaker credit that a commercial hotel, motel, inn, tourist camp, or tourist cabin is not residential property. Specifies for purposes of the property tax circuit breaker credit that a single family residence under construction is residential property. Provides that public utility property tax returns shall be filed in the manner prescribed by the department of local government finance (DLGF). Allows a railroad car company to file its return by June 1 (rather than May 1). Authorizes a public utility company to file an amended return. Provides that the penalty assessed on a public utility company for filing a late return may not exceed $1,000. Provides that if the DLGF assesses the property of a public utility company because the public utility company does not file a return, the public utility company may file a return with the DLGF and the DLGF may amend its assessment. Provides that if, after an assessment date, an exempt property is transferred or its use is changed resulting in its ineligibility for an exemption, the county assessor shall terminate the exemption for that assessment date. Specifies that if the property remains eligible for an exemption following the transfer or change in use, the exemption shall be left in place for that assessment date. Provides that for the following assessment date, the person that obtained the exemption or the current owner of the property shall file an application with the county assessor. Requires applications for certain property tax deductions to be completed and dated in the calendar year for which the taxpayer wishes to obtain the deduction and to be filed with the county auditor on or before January 5 of the immediately succeeding calendar year. Requires a political subdivision to submit to the DLGF information concerning the adoption of budgets and tax levies using the DLGF's computer gateway. Requires the DLGF to make this information available to taxpayers through its computer gateway and provide a telephone number through which taxpayers may request copies of a political subdivision's information. Specifies that for taxes due and payable in 2015 and 2016, each county shall publish a notice stating the Internet address at which the budget information is available and the telephone number through which taxpayers may request copies of a political subdivision's budget information. Allows counties to seek reimbursement from the political subdivisions in the county for the cost of the notice. Provides that publication requirements in current law continue through 2015 (along with the new requirements added in the bill concerning submission of budget and levy information to the DLGF's computer gateway). Provides that if a political subdivision timely submits budget information to the DLGF but subsequently discovers the information contains a typographical error, the political subdivision may request permission from the DLGF to submit amended information. Specifies the conditions under which the DLGF shall increase a political subdivision's tax levy to an amount that exceeds the amount originally advertised or adopted by the political subdivision. Provides that certain income tax credits (which were reviewed by the commission on state tax and financing policy in 2012) may not be granted for taxable years beginning after December 31, 2016. Provides that certain income tax credits (which were reviewed by the commission on state tax and financing policy in 2013) may not be granted for taxable years beginning after December 31, 2017. Specifies that for the income tax credit for economic development for a growing economy that the Indiana economic development corporation may not approve an agreement after December 31, 2016. Specifies that contributions to organizations that provide services to individuals who are ex-offenders are eligible for the neighborhood assistance credit. Provides that beginning in 2015, the office of community and rural affairs administers the historic rehabilitation income tax credit. Authorizes a shareholder, partner, or member of a pass through entity to claim the industrial recovery tax credit. Makes changes to the income tax credit for property taxes paid on homesteads in Lake County. Adjusts the sales tax rate for a vehicle purchased in Indiana from the Indiana rate to the sales tax rate of the state of a purchaser if the seller and purchaser confirm that the purchaser will immediately register, license, and title the motor vehicle for use in another state. Extends the sales and use tax exemption for aircraft repair and maintenance. Provides a sales tax exemption for labels and signs that are required to be affixed to or displayed with the other tangible personal property for the purpose of complying with any state or federal statute, regulation, or standard. Requires electronic filings for cigarette and alcoholic beverage taxes.
SB375 BUSINESS FINANCING ARRANGEMENTS. (HOLDMAN T)
Specifies that the following are not securities subject to IC 23: (1) A venture capital investment tax credit. (2) A certificate from the Indiana economic development corporation indicating that a taxpayer has fulfilled the requirements of the corporation and is entitled to a venture capital investment tax credit. Defines "accredited investor" for the purposes of the Uniform Securities Act. Adds exemptions to the Uniform Securities Act for certain transactions.
SB396 TELECOMMUNICATIONS SERVICE. (HERSHMAN B)
Limits the authority of the utility regulatory commission (commission) with respect to interconnection, resale of telecommunications service, and unbundled access to the authority delegated to the commission under federal law. Repeals a provision authorizing the commission to establish certain rates charged by incumbent local exchange carriers to payphone service providers. Provides that the general assembly intends for the 2010 edition of the NFPA 72, National Fire Protection Association Standard for the National Fire Alarm and Signaling Code (NFPA 72) to be incorporated into the Indiana Administrative Code (IAC). Provides that not later than July 1, 2014, the fire prevention and building safety commission (commission) shall adopt rules to incorporate NFPA 72 into the IAC. Allows the commission to adopt emergency rules to meet this requirement. Allows the commission to amend NFPA 72 as the commission considers appropriate, if the rules finally adopted by the commission do the following: (1) Incorporate the definition of, and associated requirements for: (A) a managed facilities-based voice network (MFVN); and (B) a public switched telephone network (PSTN); as set forth in NFPA 72. (2) Allow digital alarm communicator systems that make use of a MFVN to transmit signals from a fire alarm system to an offsite monitoring facility, subject to NFPA 72 requirements. Provides that if the commission does not comply with these rulemaking requirements by the date specified, the following apply on July 1, 2014: (1) The definition of and associated requirements for: (A) a MFVN; and (B) a PSTN; as set forth in NFPA 72, are considered incorporated into the IAC. (2) A person that after June 30, 2014, installs or uses a digital alarm communicator system that: (A) makes use of a MFVN to transmit signals from a fire alarm system to an offsite monitoring facility; and (B) meets the applicable NFPA 72 requirements; is not required to obtain a variance from the commission for the installation or use.
SB420 PROPERTY TAX DEADLINES AND PROCEDURES. (HEAD R)
Changes for property taxation purposes: (1) the assessment and valuation date for property to January 1; (2) the date a reassessment of a group of parcels in a particular class of real property begins to May 1; (3) the date after which changes on an amended property tax roll over as a credit to a subsequent year to April 1; (4) the exemption filing date to April 1; and (5) various other related dates. Requires the department of local government finance to certify to each county the assessed values tentatively determined for public utilities by June 1. Changes dates for the delivery of certain reports to the department of local government finance.