HB 1235-6_ Filed 01/31/2000, 09:00
Text Box
PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
[
HOUSE MOTION ____
]
MR. SPEAKER:
I move that House Bill 1235 be amended to read as follows:
SOURCE: Page 1, line 1; (00)MO123506.1. -->
Page 1, between the enacting clause and line 1, begin a new
paragraph and insert:
SOURCE: IC 6-1.1-18.5-21; (00)MO123506.1. -->
"SECTION 1. IC 6-1.1-18.5-21 IS ADDED TO THE INDIANA
CODE AS A NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2000]: Sec. 21. (a) The ad valorem property
tax levy limits imposed by section 3 of this chapter do not apply to
ad valorem property taxes imposed by a county for a property
reassessment fund under IC 6-1.1-4-27.
(b) For purposes of computing the ad valorem property tax levy
limits imposed on a county by section 3 of this chapter, a county's
ad valorem property tax levy for a calendar year does not include
that part of its levy that is imposed under IC 6-1.1-4-27 for a
cumulative building fund.".
SOURCE: Page 3, line 28; (00)MO123506.3. -->
Page 3, between lines 28 and 29, begin a new paragraph and insert:
SOURCE: ; (00)MO123506.2. -->
"SECTION 2. [EFFECTIVE JULY 1, 2000]
(a) The maximum
permissible ad valorem property tax levy for a county under
IC 6-1.1-18.5 shall be reduced for 2001 by the property taxes
imposed for the county's property reassessment fund for 2000 to
reflect the removal of the property reassessment fund from the
application of IC 6-1.1-18.5, as provided in IC 6-1.1-18.5-21, as
added by this act.
(b) For purposes of determining a county's maximum
permissible ad valorem property tax levy under IC 6-1.1-18.5-3 for
property taxes payable in 2001 and thereafter, the county's
maximum permissible ad valorem property tax levy is the levy
after the adjustment made under this SECTION.".
SOURCE: Page 3, line 40; (00)MO123506.3. -->
Page 3, between lines 40 and 41, begin a new paragraph and insert:
SOURCE: ; (00)MO123506.3. -->
"SECTION 3. [EFFECTIVE JULY 1, 2000]
IC 6-1.1-18.5-21, as
added by this act, applies to property taxes first due and payable
after December 31, 2000.".
Renumber all SECTIONS consecutively.
(Reference is to HB 1235 as printed January 27, 2000.)
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MO123506/DI 58 2000