SB 462-1_ Filed 02/25/2002, 08:00 Scholer
Text Box
PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
[
HOUSE MOTION ____
]
MR. SPEAKER:
I move that Engrossed Senate Bill 462 be amended to read as follows:
SOURCE: Page 10, line 24; (02)MO046202.10. -->
Page 10, after line 24, begin a new paragraph and insert:
SOURCE: ; (02)MO046202.3. -->
"SECTION 3. [EFFECTIVE UPON PASSAGE]
(a) The definitions
contained in
IC 6-1.1-12.1
apply to this SECTION.
(b) This SECTION applies to a property owner who:
(1) is located in an economic revitalization area situated in a
county having a population of more than one hundred
forty-eight thousand (148,000) but less than one hundred
seventy thousand (170,000);
(2) during February of 1999, was determined by a designating
body to be entitled to receive deductions for redevelopment or
rehabilitation of real property under
IC 6-1.1-12.1-3
;
(3) has substantially complied with the statement of benefits
filed under
IC 6-1.1-12.1-3
, including job creation or
retention, capital investment, and any other requirements
imposed by the designating body; and
(4) failed to timely file deduction applications under
IC 6-1.1-12.1-5
for the property tax deduction under
IC 6-1.1-12.1-3
with respect to deductions for property taxes
first due and payable in 2002.
(c) Notwithstanding
IC 6-1.1-12.1
, the property owner is
entitled to the deductions described in subsection (b)(4) for
property taxes first due and payable in 2002 if, before June 1,
2002, the property owner files the deduction applications that
would have been necessary to obtain those deductions under
IC 6-1.1-12.1.
(d) Assessed value deductions granted under this SECTION
apply to the property owner's property taxes first due and payable
in 2002.
(e) This SECTION expires December 31, 2003.
SOURCE: ; (02)MO046202.4. -->
SECTION 4.
An emergency is declared for this act.".
(Reference is to ESB 462 as printed February 22, 2002.)
________________________________________
MO046202/DI 44 2002