Introduced Version
SENATE BILL No. 333
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DIGEST OF INTRODUCED BILL
Citations Affected: IC 36-1-8-20.
Synopsis: State loans for property tax revenue shortfall. Forgives loans
made to certain qualified taxing units in Lake County. Urges the
legislative council to assign to the appropriate interim study committee
during the 2025 legislative interim the task of studying whether to
create an insurance fund to be used to make payments to political
subdivisions that issue refunds for the overpayment of property taxes
to political subdivisions as a result of successful property tax appeals.
Effective: Upon passage; July 1, 2025.
Spencer
January 13, 2025, read first time and referred to Committee on Appropriations.
2025 IN 333—LS 6788/DI 129 Introduced
First Regular Session of the 124th General Assembly (2025)
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 2024 Regular Session of the General Assembly.
SENATE BILL No. 333
A BILL FOR AN ACT to amend the Indiana Code concerning local
government.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 36-1-8-20 IS ADDED TO THE INDIANA CODE
2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
3 1, 2025]: Sec. 20. (a) As used in this section, "qualified taxing unit"
4 has the meaning set forth in IC 6-1.1-22.1-2.
5 (b) Notwithstanding any other provision of IC 6-1.1-22.1 to the
6 contrary, the following apply to a loan made before July 1, 2025,
7 to a qualified taxing unit under IC 6-1.1-22.1:
8 (1) A qualified taxing unit is discharged from the obligation to
9 repay the principal and interest of the loan.
10 (2) The entire amount of a loan made to a qualified taxing unit
11 is forgiven.
12 SECTION 2. [EFFECTIVE UPON PASSAGE] (a) The legislative
13 council is urged to assign to the appropriate interim study
14 committee established under IC 2-5 during the 2025 legislative
15 interim the task of studying whether to create an insurance fund to
16 be used to make payments to political subdivisions that issue
17 refunds for the overpayment of property taxes to political
2025 IN 333—LS 6788/DI 129 2
1 subdivisions as a result of successful property tax appeals.
2 (b) This SECTION expires December 31, 2025.
3 SECTION 3. An emergency is declared for this act.
2025 IN 333—LS 6788/DI 129