HB 1005-5_ Filed 02/24/2000, 10:48

SENATE MOTION


MR. PRESIDENT:

    I move
that Engrossed House Bill 1005 be amended to read as follows:

SOURCE: Page 5, line 9; (00)MO100512.5. -->     Page 5, line 9, delete "2002" and insert " 2004".
    Page 5, line 12, delete "2002" and insert " 2004".
    Page 5, line 19, delete "2002" and insert " 2004".
    Page 5, line 21, delete "2003" and insert " 2005".
    Page 5, line 23, delete "2004" and insert " 2006".
    Page 6, between lines 10 and 11, begin a new paragraph an insert:
SOURCE: IC 6-1.1-4-4.5; (00)MO100512.9. -->     "SECTION 9. IC 6-1.1-4-4.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2000]: Sec. 4.5. (a) The state board of tax commissioners shall adopt rules establishing a system for annually adjusting the assessed value of real property to account for changes in value in those years since a general reassessment of property last took effect.
    (b) The system must be applied to adjust assessed values beginning with the 2001 assessment date and each year thereafter that is not a year in which a reassessment becomes effective.
    (c) The system must have the following characteristics:
        (1) Promote uniform and equal assessment of real property within and across classifications.
        (2) Apply all objectively verifiable factors used in mass valuation techniques that are reasonably expected to affect the value of real property in Indiana.
        (3) Prescribe as many adjustment percentages and whatever categories of percentages the board finds necessary to achieve objectively verifiable updated just valuations of real property. An adjustment percentage for a particular classification may be positive or negative.
        (4) Prescribe procedures, including computer software programs, that permit the application of the adjustment

percentages in an efficient manner by assessing officials.".

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    Page 13, line 14, delete "2004" and insert " 2006".
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    Page 56, line 39, delete "[EFFECTIVE MARCH 1, 2002]" and insert "[EFFECTIVE MARCH 1, 2004]".
    Page 58, line 11, delete "[EFFECTIVE MARCH 1, 2002]" and insert "[EFFECTIVE MARCH 1, 2004]".
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    Page 80, line 40, delete "[EFFECTIVE MARCH 1, 2002]" and insert "[EFFECTIVE MARCH 1, 2004]".
    Page 80, line 42, delete "2002" and insert " 2004".
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    Page 84, line 35, delete "2000" and insert " 2002".
    Page 86, line 2, delete "2002" and insert " 2004".
    Page 86, delete lines 3 through 18.
    Page 86, line 19, delete "(3)" and insert " (2)".
    Page 86, delete lines 21 through 42.
    Page 87, delete lines 1 through 7.
    Page 87, line 8, delete "(i)" and insert " (d)".
    Page 87, line 12, delete "(j)" and insert " (e)".
    Page 87, line 12, delete "2002" and insert " 2004"
    Page 87, line 16, delete "2002" and insert " 2004".
    Page 87, line 39, delete "2000" and insert " 2002".
    Page 87, line 39, delete "2001" and insert " 2003".
    Page 87, line 40, delete "July 1, 2001" and insert " July 1, 2003".
    Page 87, line 40, delete "December 31, 2001" and insert " December 31, 2003".
    Page 88, delete lines 11 through 28.
    Page 88, line 40, delete "2002" and insert " 2004".
    Page 88, line 42, delete "2003" and insert " 2005".
    Page 89, line 4, delete "2002" and insert " 2004".
    Page 89, line 7, delete "2001" and insert " 2003".
    Page 89, line 10, delete "2002" and insert " 2004".
    Renumber all SECTIONS consecutively.
    (Reference is to EHB 1005 as printed February 22, 2000.)

________________________________________

Senator HUME


MO100512/DI 52     2000