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.