Indiana 2024 Regular Session

Indiana Senate Bill SB0157 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	SB0157.2
2		-	January 31, 2024
	1	+	SB0157.1
	2	+	January 26, 2024
3	3		SENATE BILL No. 157
4	4		_____
5		-	DIGEST OF SB 157 (Updated January 30, 2024 11:~~41 am~~ - DI ~~129~~)
	5	+	DIGEST OF SB 157 (Updated January 25, 2024 12:18 pm - DI 87)
6	6		Citations Affected: IC 6-1.1; noncode.
7	7		Synopsis: Landlocked property. Defines "landlocked property" as real
8	8		property that has been shut off from all public highways as a result of
9	9		the vacation of one or more public highways. Provides that if an action
10	10		of the state, or an agency or political subdivision of the state, causes
11	11		real property to become landlocked property, the county assessor of the
12	12		county in which the landlocked property is located must assess the
13	13		value of the landlocked property at zero for as long as the property
14		-	qualifies as landlocked property if the property owner files an affidavit
15		-	stating that the property does not have access to any public highway.
	14	+	qualifies as landlocked property.
16	15		Effective: January 1, 2024 (retroactive).
17	16		Buck
18	17		January 8, 2024, read first time and referred to Committee on Local Government.
19	18		January 25, 2024, amended, reported favorably — Do Pass; reassigned to Committee on
20	19		Tax and Fiscal Policy.
21		-	January 30, 2024, amended, reported favorably — Do Pass.
22		-	SB 157—LS 6582/DI 134 January 31, 2024
	20	+	SB 157—LS 6582/DI 134 January 26, 2024
23	21		Second Regular Session of the 123rd General Assembly (2024)
24	22		PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
25	23		Constitution) is being amended, the text of the existing provision will appear in this style type,
26	24		additions will appear in this style type, and deletions will appear in this style type.
27	25		Additions: Whenever a new statutory provision is being enacted (or a new constitutional
28	26		provision adopted), the text of the new provision will appear in this style type. Also, the
29	27		word NEW will appear in that style type in the introductory clause of each SECTION that adds
30	28		a new provision to the Indiana Code or the Indiana Constitution.
31	29		Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
32	30		between statutes enacted by the 2023 Regular Session of the General Assembly.
33	31		SENATE BILL No. 157
34	32		A BILL FOR AN ACT to amend the Indiana Code concerning
35	33		taxation.
36	34		Be it enacted by the General Assembly of the State of Indiana:
37	35		1 SECTION 1. IC 6-1.1-50.2 IS ADDED TO THE INDIANA CODE
38	36		2 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
39	37		3 JANUARY 1, 2024 (RETROACTIVE)]:
40	38		4 Chapter 50.2. Vacation of a Public Highway Resulting in
41	39		5 Landlocked Property
42	40		6 Sec. 1. As used in this chapter, "landlocked property" means
43	41		7 real property that has been shut off from all public highways as a
44	42		8 result of the vacation of one (1) or more public highways.
45	43		9 Sec. 2. If an action of the state, or an agency or political
46	44		10 subdivision of the state, causes real property to become landlocked
47	45		11 property, the county assessor of the county in which the landlocked
48	46		12 property is located must assess the value of the landlocked
49	47		13 property at an amount equal to zero (0) for as long as the property
50		-	14 qualifies as landlocked property~~, if the owner of the property~~
51		-	15 ~~complies with~~ section ~~3 of this chapter.~~
52		-	16 ~~Sec~~. 3. ~~The county assessor may only reduce the~~ assessment of
53		-	17 ~~a property under this chapter if the owner of the property files an~~
	48	+	14 qualifies as landlocked property.
	49	+	15 SECTION 2. [EFFECTIVE JANUARY 1, 2024 (RETROACTIVE)]
	50	+	16 (a) IC 6-1.1-50.2, as added by this act, applies to assessment dates
	51	+	17 occurring after December 31, 2023.
54	52		SB 157—LS 6582/DI 134 2
55		-	1 affidavit with the county assessor stating that the property does not
56		-	2 have access to any public highway as a result of the state or an
57		-	3 agency or political subdivision of the state vacating one (1) or more
58		-	4 public highways. The affidavit must be signed under oath by the
59		-	5 owner of the property.
60		-	6 SECTION 2. [EFFECTIVE JANUARY 1, 2024 (RETROACTIVE)]
61		-	7 (a) IC 6-1.1-50.2, as added by this act, applies to assessment dates
62		-	8 occurring after December 31, 2023.
63		-	9 (b) This SECTION expires January 1, 2027.
64		-	10 SECTION 3. An emergency is declared for this act.
	53	+	1 (b) This SECTION expires January 1, 2027.
	54	+	2 SECTION 3. An emergency is declared for this act.
65	55		SB 157—LS 6582/DI 134 3
66	56		COMMITTEE REPORT
67	57		Madam President: The Senate Committee on Local Government, to
68	58		which was referred Senate Bill No. 157, has had the same under
69	59		consideration and begs leave to report the same back to the Senate with
70	60		the recommendation that said bill be AMENDED as follows:
71	61		Page 1, line 11, delete "either:".
72	62		Page 1, delete lines 12 through 15.
73	63		Page 1, line 16, delete "(2)".
74	64		Page 1, run in lines 11 through 16.
75	65		and when so amended that said bill do pass and be reassigned to the
76	66		Senate Committee on Tax and Fiscal Policy.
77	67		(Reference is to SB 157 as introduced.)
78	68		BUCK, Chairperson
79	69		Committee Vote: Yeas 10, Nays 0.
80		-	_____
81		-	COMMITTEE REPORT
82		-	Madam President: The Senate Committee on Tax and Fiscal Policy,
83		-	to which was referred Senate Bill No. 157, has had the same under
84		-	consideration and begs leave to report the same back to the Senate with
85		-	the recommendation that said bill be AMENDED as follows:
86		-	Page 1, line 14, delete "property." and insert "property, if the
87		-	owner of the property complies with section 3 of this chapter.
88		-	Sec. 3. The county assessor may only reduce the assessment of
89		-	a property under this chapter if the owner of the property files an
90		-	affidavit with the county assessor stating that the property does not
91		-	have access to any public highway as a result of the state or an
92		-	agency or political subdivision of the state vacating one (1) or more
93		-	public highways. The affidavit must be signed under oath by the
94		-	owner of the property.".
95		-	and when so amended that said bill do pass.
96		-	(Reference is to SB 157 as printed January 26, 2024.)
97		-	HOLDMAN, Chairperson
98		-	Committee Vote: Yeas 11, Nays 0.
99	70		SB 157—LS 6582/DI 134