HB 1478-1_ Filed 04/09/2007, 10:05 Heinold
that Engrossed House Bill 1478 be amended to read as follows:
SOURCE: Page 202, line 29; (07)MO147807.202. -->
Page 202, between lines 29 and 30, begin a new paragraph and
SOURCE: ; (07)MO147807.170. -->
"SECTION 170. [EFFECTIVE JANUARY 1, 2007
(RETROACTIVE)] (a) Notwithstanding the provisions in
IC 6-1.1-20.4-4 specifying that an ordinance or a resolution must
be adopted before December 31 for homestead credits to be
provided under IC 6-1.1-20.4 in the following year, a political
subdivision may adopt an ordinance or a resolution after
December 31, 2006, and before June 1, 2007, to provide for the use
of revenue for the purpose of providing a homestead credit under
IC 6-1.1-20.4 in 2007.
(b) If a political subdivision adopts an ordinance or a resolution
described in subsection (a):
(1) the local homestead credit under IC 6-1.1-20.4 shall be
applied in the political subdivision in 2007; and
(2) the department of local government finance may take any
action necessary to apply the local homestead credit in the
political subdivision in 2007.
(c) This SECTION expires December 31, 2008.
Renumber all SECTIONS consecutively.
(Reference is to EHB 1478 as printed April 6, 2007.)
MO147807/DI 73 2007