Indiana 2025 Regular Session

Indiana Senate Bill SB0345 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	SENATE BILL No. 345
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-1.1; IC 12-8-1.5-21.
7	7	Synopsis: Property tax matters. Amends the property tax exemption
8	8	for property used by a for-profit provider of early childhood education,
9	9	including by requiring the provider to offer age appropriate curriculum
10	10	and by excluding from the exemption tangible property that has been
11	11	granted a homestead standard deduction. Provides a partial property tax
12	12	exemption for an employer that provides child care on the employer's
13	13	property for the employer's employees, and for the employees of
14	14	another business if the employer and the other business enter into an
15	15	agreement that outlines the terms under which the child care is to be
16	16	provided. Specifies the conditions that must be met to obtain the partial
17	17	property tax exemption. Requires the office of the secretary of family
18	18	and social services, in consultation with the early learning advisory
19	19	committee, to: (1) evaluate and make recommendations; and (2) submit
20	20	a report; regarding child care. Amends the maximum levy growth
21	21	quotient to base the six year average calculation on the yearly wage
22	22	growth for state and local government employees in Indiana and the
23	23	annual increase in the Consumer Price Index. Requires the true tax
24	24	value of a privately owned wastewater facility to be determined by
25	25	applying the income capitalization approach. Provides that, if the
26	26	application of the income capitalization method for an assessment year
27	27	results in a zero or negative assessment, the privately owned
28	28	wastewater facility is exempt from property taxation for that
29	29	assessment year. Requires assessing officials in an assessment of
30	30	residential deed restricted property to only use or consider sales of
31	31	other residential deed restricted property as a comparable sale property
32	32	for purposes of a sales comparison analysis.
33	33	Effective: July 1, 2025; January 1, 2026.
34	34	Rogers, Gaskill, Buchanan
35	35	January 13, 2025, read first time and referred to Committee on Tax and Fiscal Policy.
36	36	2025 IN 345—LS 7020/DI 120 Introduced
37	37	First Regular Session of the 124th General Assembly (2025)
38	38	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
39	39	Constitution) is being amended, the text of the existing provision will appear in this style type,
40	40	additions will appear in this style type, and deletions will appear in this style type.
41	41	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
42	42	provision adopted), the text of the new provision will appear in this style type. Also, the
43	43	word NEW will appear in that style type in the introductory clause of each SECTION that adds
44	44	a new provision to the Indiana Code or the Indiana Constitution.
45	45	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
46	46	between statutes enacted by the 2024 Regular Session of the General Assembly.
47	47	SENATE BILL No. 345
48	48	A BILL FOR AN ACT to amend the Indiana Code concerning
49	49	taxation.
50	50	Be it enacted by the General Assembly of the State of Indiana:
51	51	1 SECTION 1. IC 6-1.1-4-43.7 IS ADDED TO THE INDIANA
52	52	2 CODE AS A NEW SECTION TO READ AS FOLLOWS
53	53	3 [EFFECTIVE JANUARY 1, 2026]: Sec. 43.7. (a) As used in this
54	54	4 section, "residential deed restricted property" means a single
55	55	5 family home that is available for sale and sold only to buyers with
56	56	6 moderate to low incomes, by conveyance of a deed containing
57	57	7 restrictions, such as guidelines limiting the subsequent sale of the
58	58	8 property to another buyer with moderate to low income or a first
59	59	9 right of refusal retained by the buyer.
60	60	10 (b) In determining the true tax value of residential deed
61	61	11 restricted property using a sales comparison approach or other
62	62	12 approaches to value that can use the identification of comparable
63	63	13 sale properties, assessing officials shall only use or consider sales
64	64	14 of other residential deed restricted property as a comparable sale
65	65	15 property for purposes of a sales comparison analysis.
66	66	16 SECTION 2. IC 6-1.1-10-16, AS AMENDED BY P.L.85-2019,
67	67	17 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
68	68	2025 IN 345—LS 7020/DI 120 2
69	69	1 JANUARY 1, 2026]: Sec. 16. (a) All or part of a building is exempt
70	70	2 from property taxation if it is owned, occupied, and used by a person
71	71	3 for educational, literary, scientific, religious, or charitable purposes.
72	72	4 (b) A building is exempt from property taxation if it is owned,
73	73	5 occupied, and used by a town, city, township, or county for educational,
74	74	6 literary, scientific, fraternal, or charitable purposes.
75	75	7 (c) A tract of land, including the campus and athletic grounds of an
76	76	8 educational institution, is exempt from property taxation if:
77	77	9 (1) a building that is exempt under subsection (a) or (b) is situated
78	78	10 on it;
79	79	11 (2) a parking lot or structure that serves a building referred to in
80	80	12 subdivision (1) is situated on it; or
81	81	13 (3) the tract:
82	82	14 (A) is owned by a nonprofit entity established for the purpose
83	83	15 of retaining and preserving land and water for their natural
84	84	16 characteristics;
85	85	17 (B) does not exceed five hundred (500) acres; and
86	86	18 (C) is not used by the nonprofit entity to make a profit.
87	87	19 (d) A tract of land is exempt from property taxation if:
88	88	20 (1) it is purchased for the purpose of erecting a building that is to
89	89	21 be owned, occupied, and used in such a manner that the building
90	90	22 will be exempt under subsection (a) or (b); and
91	91	23 (2) not more than four (4) years after the property is purchased,
92	92	24 and for each year after the four (4) year period, the owner
93	93	25 demonstrates substantial progress and active pursuit towards the
94	94	26 erection of the intended building and use of the tract for the
95	95	27 exempt purpose. To establish substantial progress and active
96	96	28 pursuit under this subdivision, the owner must prove the existence
97	97	29 of factors such as the following:
98	98	30 (A) Organization of and activity by a building committee or
99	99	31 other oversight group.
100	100	32 (B) Completion and filing of building plans with the
101	101	33 appropriate local government authority.
102	102	34 (C) Cash reserves dedicated to the project of a sufficient
103	103	35 amount to lead a reasonable individual to believe the actual
104	104	36 construction can and will begin within four (4) years.
105	105	37 (D) The breaking of ground and the beginning of actual
106	106	38 construction.
107	107	39 (E) Any other factor that would lead a reasonable individual to
108	108	40 believe that construction of the building is an active plan and
109	109	41 that the building is capable of being completed within eight (8)
110	110	42 years considering the circumstances of the owner.
111	111	2025 IN 345—LS 7020/DI 120 3
112	112	1 If the owner of the property sells, leases, or otherwise transfers a tract
113	113	2 of land that is exempt under this subsection, the owner is liable for the
114	114	3 property taxes that were not imposed upon the tract of land during the
115	115	4 period beginning January 1 of the fourth year following the purchase
116	116	5 of the property and ending on December 31 of the year of the sale,
117	117	6 lease, or transfer. The county auditor of the county in which the tract
118	118	7 of land is located may establish an installment plan for the repayment
119	119	8 of taxes due under this subsection. The plan established by the county
120	120	9 auditor may allow the repayment of the taxes over a period of years
121	121	10 equal to the number of years for which property taxes must be repaid
122	122	11 under this subsection.
123	123	12 (e) Personal property is exempt from property taxation if it is owned
124	124	13 and used in such a manner that it would be exempt under subsection (a)
125	125	14 or (b) if it were a building.
126	126	15 (f) A hospital's property that is exempt from property taxation under
127	127	16 subsection (a), (b), or (e) shall remain exempt from property taxation
128	128	17 even if the property is used in part to furnish goods or services to
129	129	18 another hospital whose property qualifies for exemption under this
130	130	19 section.
131	131	20 (g) Property owned by a shared hospital services organization that
132	132	21 is exempt from federal income taxation under Section 501(c)(3) or
133	133	22 501(e) of the Internal Revenue Code is exempt from property taxation
134	134	23 if it is owned, occupied, and used exclusively to furnish goods or
135	135	24 services to a hospital whose property is exempt from property taxation
136	136	25 under subsection (a), (b), or (e).
137	137	26 (h) This section does not exempt from property tax an office or a
138	138	27 practice of a physician or group of physicians that is owned by a
139	139	28 hospital licensed under IC 16-21-2 or other property that is not
140	140	29 substantially related to or supportive of the inpatient facility of the
141	141	30 hospital unless the office, practice, or other property:
142	142	31 (1) provides or supports the provision of charity care (as defined
143	143	32 in IC 16-18-2-52.5), including providing funds or other financial
144	144	33 support for health care services for individuals who are indigent
145	145	34 (as defined in IC 16-18-2-52.5(b) and IC 16-18-2-52.5(c)); or
146	146	35 (2) provides or supports the provision of community benefits (as
147	147	36 defined in IC 16-21-9-1), including research, education, or
148	148	37 government sponsored indigent health care (as defined in
149	149	38 IC 16-21-9-2).
150	150	39 However, participation in the Medicaid or Medicare program alone
151	151	40 does not entitle an office, practice, or other property described in this
152	152	41 subsection to an exemption under this section.
153	153	42 (i) A tract of land or a tract of land plus all or part of a structure on
154	154	2025 IN 345—LS 7020/DI 120 4
155	155	1 the land is exempt from property taxation if:
156	156	2 (1) the tract is acquired for the purpose of erecting, renovating, or
157	157	3 improving a single family residential structure that is to be given
158	158	4 away or sold:
159	159	5 (A) in a charitable manner;
160	160	6 (B) by a nonprofit organization; and
161	161	7 (C) to low income individuals who will:
162	162	8 (i) use the land as a family residence; and
163	163	9 (ii) not have an exemption for the land under this section;
164	164	10 (2) the tract does not exceed three (3) acres; and
165	165	11 (3) the tract of land or the tract of land plus all or part of a
166	166	12 structure on the land is not used for profit while exempt under this
167	167	13 section.
168	168	14 (j) An exemption under subsection (i) terminates when the property
169	169	15 is conveyed by the nonprofit organization to another owner.
170	170	16 (k) When property that is exempt in any year under subsection (i) is
171	171	17 conveyed to another owner, the nonprofit organization receiving the
172	172	18 exemption must file a certified statement with the auditor of the county,
173	173	19 notifying the auditor of the change not later than sixty (60) days after
174	174	20 the date of the conveyance. The county auditor shall immediately
175	175	21 forward a copy of the certified statement to the county assessor. A
176	176	22 nonprofit organization that fails to file the statement required by this
177	177	23 subsection is liable for the amount of property taxes due on the
178	178	24 property conveyed if it were not for the exemption allowed under this
179	179	25 chapter.
180	180	26 (l) If property is granted an exemption in any year under subsection
181	181	27 (i) and the owner:
182	182	28 (1) fails to transfer the tangible property within eight (8) years
183	183	29 after the assessment date for which the exemption is initially
184	184	30 granted; or
185	185	31 (2) transfers the tangible property to a person who:
186	186	32 (A) is not a low income individual; or
187	187	33 (B) does not use the transferred property as a residence for at
188	188	34 least one (1) year after the property is transferred;
189	189	35 the person receiving the exemption shall notify the county recorder and
190	190	36 the county auditor of the county in which the property is located not
191	191	37 later than sixty (60) days after the event described in subdivision (1) or
192	192	38 (2) occurs. The county auditor shall immediately inform the county
193	193	39 assessor of a notification received under this subsection.
194	194	40 (m) If subsection (l)(1) or (l)(2) applies, the owner shall pay, not
195	195	41 later than the date that the next installment of property taxes is due, an
196	196	42 amount equal to the sum of the following:
197	197	2025 IN 345—LS 7020/DI 120 5
198	198	1 (1) The total property taxes that, if it were not for the exemption
199	199	2 under subsection (i), would have been levied on the property in
200	200	3 each year in which an exemption was allowed.
201	201	4 (2) Interest on the property taxes at the rate of ten percent (10%)
202	202	5 per year.
203	203	6 (n) The liability imposed by subsection (m) is a lien upon the
204	204	7 property receiving the exemption under subsection (i). An amount
205	205	8 collected under subsection (m) shall be collected as an excess levy. If
206	206	9 the amount is not paid, it shall be collected in the same manner that
207	207	10 delinquent taxes on real property are collected.
208	208	11 (o) Property referred to in this section shall be assessed to the extent
209	209	12 required under IC 6-1.1-11-9.
210	210	13 (p) Property used by a for-profit provider of early childhood
211	211	14 education services to children who are at least four (4) but less than six
212	212	15 (6) years of age on the annual assessment date may receive the
213	213	16 exemption provided by this section for property used for educational
214	214	17 purposes only if all the requirements of section 46 of this chapter are
215	215	18 satisfied. A for-profit provider of early childhood education services
216	216	19 that provides the services only to children younger than four (4) years
217	217	20 of age may not receive the exemption provided by this section for
218	218	21 property used for educational purposes.
219	219	22 SECTION 3. IC 6-1.1-10-46, AS AMENDED BY P.L.130-2018,
220	220	23 SECTION 22, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
221	221	24 JANUARY 1, 2026]: Sec. 46. (a) Tangible property owned, occupied,
222	222	25 or used by a for-profit provider of early childhood education services
223	223	26 to children who are at least four (4) but less than six (6) years of age is
224	224	27 exempt from property taxation under section 16 of this chapter only if
225	225	28 all the following requirements are satisfied:
226	226	29 (1) The primary purpose of the provider is educational.
227	227	30 (2) (1) The provider, or a parent company, subsidiary, or
228	228	31 affiliate company of the provider, is the property owner. and
229	229	32 (2) The provider also predominantly occupies and uses the
230	230	33 tangible property for providing early childhood education services
231	231	34 to children who are at least four (4) but less than six (6) years of
232	232	35 age.
233	233	36 (3) The provider meets the standards of quality recognized by a
234	234	37 Level 3 or Level 4 Paths to QUALITY program rating under
235	235	38 IC 12-17.2-2-14.2 or has a comparable rating from a nationally
236	236	39 recognized accrediting body.
237	237	40 (4) The provider offers age appropriate curriculum for all
238	238	41 children who are less than six (6) years of age, including
239	239	42 infants, who attend the child care facility. The curriculum
240	240	2025 IN 345—LS 7020/DI 120 6
241	241	1 offered must include reading to the children.
242	242	2 However, the exemption provided by this section does not apply to
243	243	3 tangible property that has been granted a homestead standard
244	244	4 deduction under IC 6-1.1-12-37.
245	245	5 If the property owner provides early childhood education services to
246	246	6 children who are at least four (4) but less than six (6) years of age and
247	247	7 to children younger than four (4) years of age, the amount of the
248	248	8 exemption must be on that part of the assessment of the property that
249	249	9 bears the same proportion to the total assessment of the property as the
250	250	10 percentage of the property owner's enrollment count of children who
251	251	11 are at least four (4) but less than six (6) years of age compared to the
252	252	12 property owner's total enrollment count of children of all ages.
253	253	13 (b) For purposes of this section, the annual assessment date or, if the
254	254	14 annual assessment date is not a business day for the property owner, the
255	255	15 business day closest to the annual assessment date, must be used for the
256	256	16 enrollment count under this section. However, a property owner that
257	257	17 believes that the enrollment count on this date for a particular year does
258	258	18 not accurately represent the property owner's normal enrollment count
259	259	19 for that year may appeal to the county assessor for a change in the date
260	260	20 to be used under this section for that year. The appeal must be filed on
261	261	21 or before the deadline for filing an exemption under section 16 of this
262	262	22 chapter. If the county assessor finds that the property owner's appeal
263	263	23 substantiates that the property owner's normal enrollment count is not
264	264	24 accurately represented by using the required date, the assessor shall
265	265	25 establish an alternate date to be used for that year that represents the
266	266	26 property owner's normal enrollment count for that year.
267	267	27 SECTION 4. IC 6-1.1-10-51 IS ADDED TO THE INDIANA CODE
268	268	28 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
269	269	29 JANUARY 1, 2026]: Sec. 51. (a) As used in this section, "child
270	270	30 care" has the meaning set forth in IC 12-7-2-28.2.
271	271	31 (b) As used in this section, "early learning advisory committee"
272	272	32 refers to the early learning advisory committee established by
273	273	33 IC 12-17.2-3.8-5.
274	274	34 (c) As used in this section, "employer" means any person,
275	275	35 corporation, limited liability company, partnership, or other entity
276	276	36 with employees employed at a physical location in Indiana. The
277	277	37 term includes a pass through entity. However, the term does not
278	278	38 include an employer who is in the business of operating a child care
279	279	39 facility.
280	280	40 (d) As used in this section, "office" refers to the office of the
281	281	41 secretary of family and social services established by IC 12-8-1.5-1.
282	282	42 (e) The part of the gross assessed value of tangible property that
283	283	2025 IN 345—LS 7020/DI 120 7
284	284	1 is attributable to tangible property owned and used by an
285	285	2 employer, or a parent company, subsidiary, or affiliate company
286	286	3 of an employer, to provide child care for children of the employer's
287	287	4 employees and children of the employees of another business in
288	288	5 accordance with an agreement entered into under subsection (g) is
289	289	6 exempt from property taxation if the following conditions are met:
290	290	7 (1) The child care is provided in a facility located on the
291	291	8 employer's property.
292	292	9 (2) Subject to subsection (g), the child care is provided only
293	293	10 for children of the employer's employees.
294	294	11 (3) The child care facility is licensed by the division of family
295	295	12 resources under IC 12-17.2.
296	296	13 (4) The part of the employer's property used to provide child
297	297	14 care meets standards established by the office and the early
298	298	15 learning advisory committee for the number of children to be
299	299	16 served by the child care facility.
300	300	17 (f) The child care facility may be operated by the employer or
301	301	18 under a contract described in Section 45F(c)(1)(A)(iii) of the
302	302	19 Internal Revenue Code to provide child care services to the
303	303	20 employer's employees.
304	304	21 (g) An employer may provide child care in a facility described
305	305	22 in subsection (e)(1) for the children of the employees of another
306	306	23 business if the employer and the other business enter into an
307	307	24 agreement that outlines the terms under which the child care is to
308	308	25 be provided to the children of the employees of the other business.
309	309	26 SECTION 5. IC 6-1.1-10-51.5 IS ADDED TO THE INDIANA
310	310	27 CODE AS A NEW SECTION TO READ AS FOLLOWS
311	311	28 [EFFECTIVE JULY 1, 2025]: Sec. 51.5. (a) This section applies to
312	312	29 assessment dates occurring after December 31, 2025.
313	313	30 (b) As used in this chapter, "privately owned wastewater
314	314	31 facility" means a sewer plant, a water plant, or both, that is
315	315	32 privately owned.
316	316	33 (c) The true tax value of a privately owned wastewater facility
317	317	34 shall be determined by applying the income capitalization
318	318	35 approach.
319	319	36 (d) The department shall, by rules adopted under IC 4-22-2,
320	320	37 establish uniform income capitalization rates annually and
321	321	38 procedures to be used for the assessment of a privately owned
322	322	39 wastewater facility and provide the annual capitalization rate to
323	323	40 assessing officials upon request. Assessing officials shall use the
324	324	41 procedures adopted by the department to assess, reassess, and
325	325	42 annually adjust the assessed value of a privately owned wastewater
326	326	2025 IN 345—LS 7020/DI 120 8
327	327	1 facility.
328	328	2 (e) If the application of the income capitalization method for an
329	329	3 assessment year results in a zero (0) or negative assessment, the
330	330	4 privately owned wastewater facility is exempt from property
331	331	5 taxation for that assessment year.
332	332	6 SECTION 6. IC 6-1.1-18.5-2, AS AMENDED BY P.L.239-2023,
333	333	7 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
334	334	8 JANUARY 1, 2026]: Sec. 2. (a) As used in this section, "Indiana
335	335	9 nonfarm personal income" means the estimate of total nonfarm
336	336	10 personal income for Indiana in a calendar year as computed by the
337	337	11 federal Bureau of Economic Analysis using any actual data for the
338	338	12 calendar year and any estimated data determined appropriate by the
339	339	13 federal Bureau of Economic Analysis. This subsection expires
340	340	14 January 1, 2026.
341	341	15 (b) Except as provided in subsections (c) and (e), for purposes of
342	342	16 determining a civil taxing unit's maximum permissible ad valorem
343	343	17 property tax levy for an ensuing calendar year, the civil taxing unit
344	344	18 shall use the maximum levy growth quotient determined in the last
345	345	19 STEP of the following STEPS:
346	346	20 STEP ONE: For each of the six (6) calendar years immediately
347	347	21 preceding the year in which a budget is adopted under
348	348	22 IC 6-1.1-17-5 for the ensuing calendar year, divide the Indiana
349	349	23 nonfarm personal income for the calendar year by the Indiana
350	350	24 nonfarm personal income for the calendar year immediately
351	351	25 preceding that calendar year, rounding to the nearest
352	352	26 one-thousandth (0.001). determine:
353	353	27 (A) the average yearly wage for state and local government
354	354	28 employees in Indiana for the calendar year compared to
355	355	29 the average yearly wage for state and local government
356	356	30 employees in the calendar year immediately preceding that
357	357	31 calendar year, expressed as a percentage, but not less than
358	358	32 zero (0);
359	359	33 (B) the Consumer Price Index, as published by the United
360	360	34 States Bureau of Labor Statistics for the calendar year
361	361	35 compared to the Consumer Price Index in the calendar
362	362	36 year immediately preceding that calendar year, expressed
363	363	37 as a percentage, but not less than zero (0); and
364	364	38 (C) the result of:
365	365	39 (i) the clause (A) percentage plus the clause (B)
366	366	40 percentage; divided by
367	367	41 (ii) two (2).
368	368	42 STEP TWO: Determine the sum of the STEP ONE results.
369	369	2025 IN 345—LS 7020/DI 120 9
370	370	1 STEP THREE: Divide the STEP TWO result by six (6), rounding
371	371	2 to the nearest one-thousandth (0.001).
372	372	3 STEP FOUR: Determine the lesser of the following:
373	373	4 (A) The STEP THREE quotient.
374	374	5 (B) One and six-hundredths (1.06).
375	375	6 (c) Except as provided in subsection (f), a school corporation shall
376	376	7 use for its operations fund maximum levy calculation under
377	377	8 IC 20-46-8-1 the maximum levy growth quotient determined in the last
378	378	9 STEP of the following STEPS:
379	379	10 STEP ONE: Determine for each school corporation, the average
380	380	11 annual growth in net assessed value using the three (3) calendar
381	381	12 years immediately preceding the year in which a budget is
382	382	13 adopted under IC 6-1.1-17-5 for the ensuing calendar year.
383	383	14 STEP TWO: Determine the greater of:
384	384	15 (A) zero (0); or
385	385	16 (B) the STEP ONE amount minus the sum of:
386	386	17 (i) the maximum levy growth quotient determined under
387	387	18 subsection (b) minus one (1); plus
388	388	19 (ii) two-hundredths (0.02).
389	389	20 STEP THREE: Determine the lesser of:
390	390	21 (A) the STEP TWO amount; or
391	391	22 (B) four-hundredths (0.04).
392	392	23 STEP FOUR: Determine the sum of:
393	393	24 (A) the STEP THREE amount; plus
394	394	25 (B) the maximum levy growth quotient determined under
395	395	26 subsection (b).
396	396	27 STEP FIVE: Determine the greater of:
397	397	28 (A) the STEP FOUR amount; or
398	398	29 (B) the maximum levy growth quotient determined under
399	399	30 subsection (b).
400	400	31 (d) The budget agency shall provide the maximum levy growth
401	401	32 quotient for the ensuing year to civil taxing units, school corporations,
402	402	33 and the department of local government finance before July 1 of each
403	403	34 year.
404	404	35 (e) This subsection applies only for purposes of determining the
405	405	36 maximum levy growth quotient to be used in determining a civil taxing
406	406	37 unit's maximum permissible ad valorem property tax levy in calendar
407	407	38 years 2024 and 2025. For purposes of determining the maximum levy
408	408	39 growth quotient in calendar years 2024 and 2025, instead of the result
409	409	40 determined in the last STEP in subsection (b), the maximum levy
410	410	41 growth quotient is determined in the last STEP of the following
411	411	42 STEPS:
412	412	2025 IN 345—LS 7020/DI 120 10
413	413	1 STEP ONE: Determine the result of STEP FOUR of subsection
414	414	2 (b), calculated as if this subsection was not in effect.
415	415	3 STEP TWO: Subtract one (1) from the STEP ONE result.
416	416	4 STEP THREE: Multiply the STEP TWO result by eight-tenths
417	417	5 (0.8).
418	418	6 STEP FOUR: Add one (1) to the STEP THREE result.
419	419	7 STEP FIVE: Determine the lesser of:
420	420	8 (A) the STEP FOUR result; or
421	421	9 (B) one and four-hundredths (1.04).
422	422	10 (f) This subsection applies only for purposes of determining the
423	423	11 maximum levy growth quotient to be used in determining a school
424	424	12 corporation's operations fund maximum levy in calendar years 2024
425	425	13 and 2025. For purposes of determining the maximum levy growth
426	426	14 quotient in calendar years 2024 and 2025, instead of the result
427	427	15 determined in the last STEP in subsection (c), the maximum levy
428	428	16 growth quotient is determined in the last STEP of the following
429	429	17 STEPS:
430	430	18 STEP ONE: Determine the result of STEP FIVE of subsection (c),
431	431	19 calculated as if this subsection was not in effect.
432	432	20 STEP TWO: Subtract one (1) from the STEP ONE result.
433	433	21 STEP THREE: Multiply the STEP TWO result by eight-tenths
434	434	22 (0.8).
435	435	23 STEP FOUR: Add one (1) to the STEP THREE result.
436	436	24 STEP FIVE: Determine the lesser of:
437	437	25 (A) the STEP FOUR result; or
438	438	26 (B) one and four-hundredths (1.04).
439	439	27 SECTION 7. IC 12-8-1.5-21 IS ADDED TO THE INDIANA CODE
440	440	28 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
441	441	29 1, 2025]: Sec. 21. (a) As used in this section, "child care" has the
442	442	30 meaning set forth in IC 12-7-2-28.2.
443	443	31 (b) The office of the secretary of family and social services shall,
444	444	32 in consultation with the early learning advisory committee
445	445	33 established by IC 12-17.2-3.8-5, do the following:
446	446	34 (1) Evaluate the following:
447	447	35 (A) Current child care licensing requirements under
448	448	36 IC 12-17.2.
449	449	37 (B) Licensure exemptions available under IC 12-17.2-2-8.
450	450	38 (2) Prepare a report that includes the following:
451	451	39 (A) Information concerning the evaluation under
452	452	40 subdivision (1).
453	453	41 (B) Recommendations to:
454	454	42 (i) replace the current child care licensing requirements
455	455	2025 IN 345—LS 7020/DI 120 11
456	456	1 under IC 12-17.2 with requirements that would apply to
457	457	2 all individuals or entities providing child care and that
458	458	3 focus on the basic health and safety of children; and
459	459	4 (ii) simplify the paths to QUALITY requirements,
460	460	5 focusing on best practices and evidence based
461	461	6 requirements.
462	462	7 (3) Not later than October 31, 2025, submit the report
463	463	8 prepared under subdivision (2) to the general assembly in an
464	464	9 electronic format under IC 5-14-6.
465	465	10 (c) This section expires July 1, 2026.
466	466	11 SECTION 8. [EFFECTIVE JULY 1, 2025] (a) IC 6-1.1-10-16,
467	467	12 IC 6-1.1-10-46, and IC 6-1.1-18.5-2, all as amended by this act,
468	468	13 apply to assessment dates after December 31, 2025.
469	469	14 (b) IC 6-1.1-10-51, as added by this act, applies to assessment
470	470	15 dates after December 31, 2025.
471	471	16 (c) This SECTION expires July 1, 2028.
472	472	2025 IN 345—LS 7020/DI 120