SB 1-17_ Filed 12/04/2003, 07:36 Mcclain

Text Box

    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______





    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.
    (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; and
        (3) provide for penalties for undervaluing and omitting
        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.)


Representative McClain

MO000168/DI 51     2004