Introduced Version






SENATE BILL No. 389

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DIGEST OF INTRODUCED BILL



Citations Affected: None (noncode).

Synopsis: Property tax abatements. Provides that the city of South Bend may grant a property tax abatement deduction to a taxpayer that has fulfilled all expectations of the city concerning job creation or retention, capital investment, and other requirements imposed by the city, but is not eligible for the deduction because of a failure to comply with a requirement of the abatement statutes.

Effective: January 1, 2001 (retroactive).





Zakas




    January 18, 2001, read first time and referred to Committee on Finance.







Introduced

First Regular Session 112th General Assembly (2001)


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 2000 General Assembly.

SENATE BILL No. 389



    A BILL FOR AN ACT concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

    SECTION 1. [EFFECTIVE JANUARY 1, 2001 (RETROACTIVE)]     (a) As used in this SECTION, "city" means a city having a population of more than ninety thousand (90,000) but less than one hundred ten thousand (110,000).
    (b) This SECTION applies to a property owner that:
        (1) before January 1, 2001, received a notice from the city that offered to provide assessed value deductions to the property owner under IC 6-1.1-12.1 ;
        (2) has fulfilled all expectations of the city concerning job creation or retention, capital investment, and other requirements imposed by the city; and
        (3) is not eligible for the assessed value deductions described in the agreement because of the failure of the property owner or the city, or both, to comply with one (1) or more requirements of IC 6-1.1-12.1.
    (c) Notwithstanding IC 6-1.1-12.1 , the city may grant the assessed value deductions described in subsection (b) if, before July 1, 2001, both the property owner and the city complete all the

procedures required by IC 6-1.1-12.1 that would have been necessary to comply with IC 6-1.1-12.1 and for the city to grant the deductions described in subsection (b).
    (d) Assessed value deductions granted under this SECTION apply to property taxes first due and payable after December 31, 2001.
    (e) This SECTION expires January 1, 2002.

    SECTION 2. An emergency is declared for this act.