HB 1350-1_ Filed 02/08/2005, 11:10 Crooks


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1350 be amended to read as follows:

SOURCE: Page 1, line 1; (05)MO135001.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 6-1.1-12-1; (05)MO135001.1. -->     "SECTION 1. IC 6-1.1-12-1 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 1. (a) Each year a person who is a resident of this state may receive a deduction from the assessed value of:
        (1) mortgaged real property, an installment loan financed mobile home that is not assessed as real property, or an installment loan financed manufactured home that is not assessed as real property that he the person owns; or
        (2) real property, a mobile home that is not assessed as real property, or a manufactured home that is not assessed as real property that he the person is buying under a contract, with the contract or a memorandum of the contract recorded in the county recorder's office, which provides that he the person is to pay the property taxes on the real property, mobile home, or manufactured home.
    (b) Except as provided in section 40.5 of this chapter, the total amount of the deduction which the person may receive under this section for a particular year is:
        (1) the balance of the mortgage or contract indebtedness on the assessment date of that year;
        (2) one-half (1/2) of the assessed value of the real property, mobile home, or manufactured home; or
        (3) three six thousand dollars ($3,000); ($6,000);
whichever is least.
    (c) A person who has sold real property, a mobile home not assessed as real property, or a manufactured home not assessed as real property to another person under a contract which provides that the contract buyer is to pay the property taxes on the real property, mobile home, or manufactured home may not claim the deduction provided under this section with respect to that real property, mobile home, or manufactured home.".
SOURCE: Page 3, line 12; (05)MO135001.3. -->     Page 3, line 12, after "in" delete "a" and insert " an".
    Page 3, after line 26, begin a new paragraph and insert:
SOURCE: ; (05)MO135001.3. -->     "SECTION 3. [EFFECTIVE JULY 1, 2005] IC 6-1.1-12-1, as amended by this act, applies only to property taxes first due and payable after December 31, 2006.".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1350 as printed February 4, 2005.)

________________________________________

Representative Crooks


MO135001/DI 52     2005