Introduced Version
HOUSE BILL No. 1219
_____
DIGEST OF INTRODUCED BILL
Citations Affected:
IC 6-1.1-4-4
;
IC 6-1.1-31-3.
Synopsis: General reassessment of real property. Provides that the
next general reassessment of real property shall be completed on or
before March 1, 2002, instead of March 1, 2001, and that general
reassessments will occur every four years thereafter. Directs the state
board of tax commissioners to consider only the appropriate valuation
method, and not potential shifts of tax burdens among classes of
taxpayers, in the adoption of rules for the appraisal of real or personal
property. Requires the state board of tax commissioners to adopt rules
for the next general reassessment before July 1, 2000. Directs the
commission on state tax and financing policy to: (1) study potential
shifts among classes of taxpayers resulting from the next general
reassessment; (2) report its findings to the general assembly before
January 1, 2001; and (3) recommend in its report any changes in
statutes or rules necessary to achieve greater equality of assessments
among classes of taxpayers.
Effective: Upon passage.
Ripley
January 10, 2000, read first time and referred to Committee on Ways and Means.
Introduced
Second Regular Session 111th General Assembly (2000)
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 1999 General Assembly.
HOUSE BILL No. 1219
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-1.1-4-4; (00)IN1219.1.1. -->
SECTION 1.
IC 6-1.1-4-4
IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 4. (a) A general
reassessment, involving a physical inspection of all real property in
Indiana, shall begin July 1, 1999,
and each fourth year thereafter. Each
reassessment shall be completed on or before March 1
of the
immediately following odd-numbered year,
2002, and shall be the basis
for taxes payable in
the year following the year in which the general
assessment is to be completed 2003.
(b)
A general reassessment, involving a physical inspection of all
real property in Indiana, shall begin July 1, 2004, and each fourth
year thereafter. Each reassessment shall be completed on or before
March 1 of the immediately following even-numbered year and
shall be the basis for taxes payable in the year following the year
in which the general assessment is to be completed.
(c) In order to ensure that assessing officials and members of each
county property tax assessment board of appeals are prepared for a
general reassessment of real property, the state board of tax
commissioners shall give adequate advance notice of the general
reassessment to the county and township taxing officials of each
county.
SOURCE: IC 6-1.1-31-3; (00)IN1219.1.2. -->
SECTION 2.
IC 6-1.1-31-3
IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 3. (a) In the
preparation of rules, regulations, property tax forms, and property tax
returns, the state board of tax commissioners may consider:
(1) data compiled by the federal government;
(2) data compiled by this state and its taxing authorities;
(3) data compiled and studies made by a state college or
university;
(4) generally accepted practices of appraisers, including generally
accepted property assessment valuation and mass appraisal
principles and practices;
(5) generally accepted indices of construction costs;
(6) for assessment dates after February 28, 2001, generally
accepted indices of income accruing from real property; and
(7) any other information which is available to the state board of
tax commissioners.
(b) In the preparation of rules for the appraisal of real or
personal property, the state board of tax commissioners may
consider only the appropriate valuation method for the property
and may not consider potential shifts of property tax burdens
among classes of taxpayers that will result from adoption of the
rules.
SOURCE: ; (00)IN1219.1.3. -->
SECTION 3. [EFFECTIVE UPON PASSAGE] (a)
Notwithstanding
IC 6-1.1-31-9
(a), the state board of tax
commissioners may not adopt rules after June 30, 2000, for the
appraisal of real property in the general reassessment to be
completed under
IC 6-1.1-4-4
on or before March 1, 2002.
(b) This SECTION expires July 1, 2000.
SOURCE: ; (00)IN1219.1.4. -->
SECTION 4. [EFFECTIVE UPON PASSAGE] (a) The commission
on state tax and financing policy shall:
(1) study the potential shifts among classes of taxpayers that
will result from the general reassessment to be completed
under
IC 6-1.1-4-4
on or before March 1, 2002;
(2) report its findings to the legislative council before January
1, 2001; and
(3) recommend in its report to the legislative council any
changes in statutes or in rules of the state board of tax
commissioners necessary to achieve greater equality of
assessments among classes of taxpayers.
(b) This SECTION expires January 1, 2001.
SOURCE: ; (00)IN1219.1.5. -->
SECTION 5.
An emergency is declared for this act.