HB 1195-1_ Filed 01/22/2002, 14:53
Adopted 01/22/2002


Text Box

Adopted Rejected


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COMMITTEE REPORT


                                                        YES:

24

                                                        NO:
0

MR. SPEAKER:
    Your Committee on       Ways and Means     , to which was referred       House Bill 1195     , has had the same under consideration and begs leave to report the same back to the House with the recommendation that said bill be amended as follows:

SOURCE: Page 1, line 1; (02)AM119502.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 6-1.1-10-25; (02)AM119502.1. -->     "SECTION 1. IC 6-1.1-10-25 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2003]: Sec. 25. (a) Subject to the limitations contained in subsection (b) of this section, section 36.3 of this chapter, tangible property is exempt from property taxation if it is owned by and used for the exempt purposes of any of the following organizations:
        (1) The Young Men's Christian Association.
        (2) The Salvation Army, Inc.
        (3) The Knights of Columbus.
        (4) The Young Men's Hebrew Association.
        (5) The Young Women's Christian Association.
        (6) A chapter or post of Disabled American Veterans of World

War I or II.
        (7) A chapter or post of the Veterans of Foreign Wars.
        (8) A post of the American Legion.
        (9) A post of the American War Veterans.
        (10) A camp of United States Spanish War Veterans.
        (11) The Boy Scouts of America, one (1) or more of its incorporated local councils, or a bank or trust company in trust for the benefit of one (1) or more of its local councils.
        (12) The Girl Scouts of the U.S.A., one (1) or more of its incorporated local councils, or a bank or trust company in trust for the benefit of one (1) or more of its local councils.
    (b) This exemption does not apply unless the property is exclusively used, and in the case of real property actually occupied, for the purposes and objectives of the organization.".

SOURCE: Page 1, line 16; (02)AM119502.1. -->     Page 1, line 16, delete "(including section 25 of this chapter)".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1195 as introduced.)

and when so amended that said bill do pass.

__________________________________

Representative Bauer


AM119502/DI 103    2002