SB 1-17_ Filed 12/04/2003, 07:36 Mcclain
PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
HOUSE MOTION ____
I move that Engrossed Senate Bill 1 be amended to read as follows:
SOURCE: Page 122, line 3; (04)MO000168.122. -->
Page 122, between lines 3 and 4, begin a new paragraph and insert:
SOURCE: ; (04)MO000168.86. -->
"SECTION 86. [EFFECTIVE JULY 1, 2004] (a) The definitions in
IC 6-1.1-1 and IC 6-1.1-7-1 apply throughout this SECTION. (3) provide for penalties for undervaluing and omitting
(b) Notwithstanding IC 6-1.1-4, IC 6-1.1-7, and any other law,
the procedures for determining the assessed valuation of real
property and mobile homes are voided for assessment dates after
January 15, 2005.
(c) The department of local government finance shall provide
by rule adopted under IC 4-22-2 for a self-assessment system for
real property and mobile homes similar to the system of
assessment used for the assessment of personal property other
than mobile homes, including implementation of a requirement
that an owner must file an annual property tax return.
(d) The legislative council shall provide for the introduction of
legislation to amend the Indiana Code to:
(1) bring it into conformity with this SECTION;
(2) provide for the addition by assessing officials of
undervalued and omitted property to the assessment lists;
property from an annual property tax return that are similar
to the penalties applicable to personal property tax returns.".
Renumber all SECTIONS consecutively.
(Reference is to ESB 1 as printed December 2, 2003.)
MO000168/DI 51 2004