Citations Affected: Noncode.
Synopsis: Property tax exemption for religious property. Establishes an
interim study committee to study tax exemptions granted to exempt
Effective: Upon passage.
November 20, 2001, read first time and referred to Committee on Governmental and
January 31, 2002, amended, reported favorably _ Do Pass.
February 4, 2002, read second time, amended, ordered engrossed.
February 5, 2002, engrossed. Read third time, passed. Yeas 48, nays 0.
A BILL FOR AN ACT to amend the Indiana Code concerning
SECTION 1. [EFFECTIVE UPON PASSAGE] (a) As used in this
SECTION, "committee" refers to the interim study committee on
the assessment of property owned by educational, religious, and
other nonprofit organizations.
(b) There is established the interim study committee on the assessment of property owned by educational, religious, and other nonprofit organizations. The committee shall study:
(1) the assessment of property owned by educational, religious, and other nonprofit organizations; and
(2) the property tax exemptions provided to the organizations described in subdivision (1).
(c) The committee shall operate under the policies governing study committees adopted by the legislative council.
(d) The affirmative vote of a majority of the voting members appointed to the committee are required for the committee to take action on any measure, including final reports.
(e) Notwithstanding any other provision of this SECTION, the
legislative council may assign the study required under this
SECTION to any other interim study committee.
(f) This SECTION expires November 1, 2002.
SECTION 2. An emergency is declared for this act.