HB 1478-1_ Filed 04/09/2007, 10:05 Heinold
Adopted 4/10/2007



    I move
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 insert:
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