IN
Indiana Senate Bill SB0333

Indiana 2025 Regular Session

Indiana Senate Bill SB0333 Compare Versions

Only one version of the bill is available at this time.
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22 Introduced Version
33 SENATE BILL No. 333
44 _____
55 DIGEST OF INTRODUCED BILL
66 Citations Affected: IC 36-1-8-20.
77 Synopsis: State loans for property tax revenue shortfall. Forgives loans
88 made to certain qualified taxing units in Lake County. Urges the
99 legislative council to assign to the appropriate interim study committee
1010 during the 2025 legislative interim the task of studying whether to
1111 create an insurance fund to be used to make payments to political
1212 subdivisions that issue refunds for the overpayment of property taxes
1313 to political subdivisions as a result of successful property tax appeals.
1414 Effective: Upon passage; July 1, 2025.
1515 Spencer
1616 January 13, 2025, read first time and referred to Committee on Appropriations.
1717 2025 IN 333—LS 6788/DI 129 Introduced
1818 First Regular Session of the 124th General Assembly (2025)
1919 PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
2020 Constitution) is being amended, the text of the existing provision will appear in this style type,
2121 additions will appear in this style type, and deletions will appear in this style type.
2222 Additions: Whenever a new statutory provision is being enacted (or a new constitutional
2323 provision adopted), the text of the new provision will appear in this style type. Also, the
2424 word NEW will appear in that style type in the introductory clause of each SECTION that adds
2525 a new provision to the Indiana Code or the Indiana Constitution.
2626 Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
2727 between statutes enacted by the 2024 Regular Session of the General Assembly.
2828 SENATE BILL No. 333
2929 A BILL FOR AN ACT to amend the Indiana Code concerning local
3030 government.
3131 Be it enacted by the General Assembly of the State of Indiana:
3232 1 SECTION 1. IC 36-1-8-20 IS ADDED TO THE INDIANA CODE
3333 2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
3434 3 1, 2025]: Sec. 20. (a) As used in this section, "qualified taxing unit"
3535 4 has the meaning set forth in IC 6-1.1-22.1-2.
3636 5 (b) Notwithstanding any other provision of IC 6-1.1-22.1 to the
3737 6 contrary, the following apply to a loan made before July 1, 2025,
3838 7 to a qualified taxing unit under IC 6-1.1-22.1:
3939 8 (1) A qualified taxing unit is discharged from the obligation to
4040 9 repay the principal and interest of the loan.
4141 10 (2) The entire amount of a loan made to a qualified taxing unit
4242 11 is forgiven.
4343 12 SECTION 2. [EFFECTIVE UPON PASSAGE] (a) The legislative
4444 13 council is urged to assign to the appropriate interim study
4545 14 committee established under IC 2-5 during the 2025 legislative
4646 15 interim the task of studying whether to create an insurance fund to
4747 16 be used to make payments to political subdivisions that issue
4848 17 refunds for the overpayment of property taxes to political
4949 2025 IN 333—LS 6788/DI 129 2
5050 1 subdivisions as a result of successful property tax appeals.
5151 2 (b) This SECTION expires December 31, 2025.
5252 3 SECTION 3. An emergency is declared for this act.
5353 2025 IN 333—LS 6788/DI 129