HB 1503-1_ Filed 03/26/2001, 10:08
Adopted 3/26/2001

SENATE MOTION


MR. PRESIDENT:

    I move that Engrossed House Bill 1503 be amended to read as follows:

    Page 3, between lines 27 and 28, begin a new paragraph and insert:
    SECTION 2. IC  6-1.1-5.5-3 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2001]: Sec. 3. (a) Before filing a conveyance document with the county auditor under IC  6-1.1-5-4 , all the parties to the conveyance must complete and sign a sales disclosure form as prescribed by the state board of tax commissioners under section 5 of this chapter. All the parties may sign one (1) form, or if all the parties do not agree on the information to be included on the completed form, each party may sign and file a separate form.
    (b) Except as provided in subsection (c), the auditor shall forward each sales disclosure form to the county assessor. The county assessor shall retain the forms for five (5) years. The county assessor shall forward the sales disclosure form data to the state board of tax commissioners, and to the appropriate township assessor. in electronic format, if possible. The county assessor shall retain forward a copy of the sales disclosure form for the purposes established in IC  6-1.1-4-13.6 and shall forward a copy forms to the township assessors in the county. The forms may be used by the county assessing officials and the state board of tax commissioners for the purposes established in IC 6-1.1-4-13.6, sales ratio studies, equalization, and any other authorized purpose.
    (c) In a county containing a consolidated city, the auditor shall forward the sales disclosure form to the appropriate township assessor. The township assessor shall forward the sales disclosure form to the state board of tax commissioners. The township assessor may retain a copy of the sales disclosure form for the purposes established in IC  6-1.1-4-13.6 . to the state board of tax commissioners, in electronic format, if possible. The township assessor shall forward a copy of the sales disclosure forms to the township assessors in the county. The forms may be used by the county assessing officials and the state board of tax commissioners for the purposes established in IC 6-1.1-4-13.6, sales ratio studies, equalization, and

any other authorized purpose.
    Renumber all SECTIONS consecutively.
    (Reference is to EHB 1503 as printed March 23, 2001.)

________________________________________

Senator SKILLMAN


RS 150301/DI jhm
2001