Indiana 2024 Regular Session

Indiana House Bill HB1207 Latest Draft

Bill / Introduced Version Filed 01/08/2024

                             
Introduced Version
HOUSE BILL No. 1207
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DIGEST OF INTRODUCED BILL
Citations Affected:  IC 6-1.1-18-35.
Synopsis:  Maximum levy determination. Provides that Washington
Township in Decatur County may increase its maximum township
property tax levy for 2025 and thereafter.
Effective:  Upon passage.
Meltzer, Zimmerman
January 9, 2024, read first time and referred to Committee on Ways and Means.
2024	IN 1207—LS 6767/DI 129 Introduced
Second Regular Session of the 123rd General Assembly (2024)
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 this style type.
  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 this style type reconciles conflicts
between statutes enacted by the 2023 Regular Session of the General Assembly.
HOUSE BILL No. 1207
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 6-1.1-18-35 IS ADDED TO THE INDIANA CODE
2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
3 UPON PASSAGE]: Sec. 35. (a) This section applies only to
4 Washington Township in Decatur County.
5 (b) The executive of the township may, upon approval by the
6 township fiscal body, submit a petition to the department of local
7 government finance for an increase in the township's maximum
8 permissible ad valorem property tax levy under IC 6-1.1-18.5 for
9 property taxes first due and payable in 2025.
10 (c) If the township submits a petition as provided in subsection
11 (b) before August 1, 2024, the department of local government
12 finance shall increase the township's maximum permissible ad
13 valorem property tax levy under IC 6-1.1-18.5 for property taxes
14 first due and payable in 2025 to eighty-five thousand dollars
15 ($85,000).
16 (d) The township's maximum permissible ad valorem property
17 tax levy under IC 6-1.1-18.5 for property taxes first due and
2024	IN 1207—LS 6767/DI 129 2
1 payable in 2025, as adjusted under this section, shall be used in the
2 determination of the township's maximum permissible ad valorem
3 property tax levy under IC 6-1.1-18.5 for property taxes first due
4 and payable in 2026 and thereafter.
5 (e) This section expires June 30, 2029.
6 SECTION 2. An emergency is declared for this act.
2024	IN 1207—LS 6767/DI 129