Introduced Version






SENATE BILL No. 253

_____


DIGEST OF INTRODUCED BILL



Citations Affected: None (noncode).

Synopsis: Constitutional amendment ballot language. Specifies the ballot language for the submission of the proposed amendment to the Constitution of the State of Indiana concerning circuit breakers and other property tax matters.

Effective: Upon passage.





Kenley




    January 11, 2010, read first time and referred to Committee on Tax and Fiscal Policy.







Introduced

Second Regular Session 116th General Assembly (2010)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2009 Regular and Special Sessions of the General Assembly.

SENATE BILL No. 253



    A BILL FOR AN ACT concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: ; (10)IN0253.1.1. -->     SECTION 1. [EFFECTIVE UPON PASSAGE] (a) If the amendment to Article 10, Section 1 of the Constitution of the State of Indiana agreed to by the One Hundred Fifteenth General Assembly (P.L.147-2008) is agreed to by the One Hundred Sixteenth General Assembly, the amendment shall be submitted to the electors of the state at the 2010 general election in the manner provided for the submission of constitutional amendments under IC 3.
    (b) Under Article 16, Section 1 of the Constitution of the State of Indiana, which requires the general assembly to submit constitutional amendments to the electors at the next general election after the general assembly agrees to the amendment referred to it by the last previously elected general assembly, and in accordance with IC 3-10-3, the general assembly prescribes the form in which the public question concerning the ratification of this state constitutional amendment must appear on the 2010 general election ballot as follows:

"PUBLIC QUESTION

    Shall Article 10, Section 1 of the Constitution of the State of Indiana be amended to:
        (1) limit a taxpayer's property tax liability to 1% of the gross assessed value of homestead property, 2% of the gross assessed value of other residential property, 2% of the gross assessed value of agricultural land, 3% of the gross assessed value of other real property, and 3% of the gross assessed value of personal property, excluding any property taxes imposed after being approved by the voters in a referendum and excluding property taxes imposed before 2020 in Lake County or St. Joseph County to pay bonds or leases issued or entered into before July 1, 2008;
        (2) permit the General Assembly to exempt a mobile home used as a homestead to the same extent as real property; and
        (3) specify that a property tax exemption may be granted in the form of a deduction or credit, and that the General Assembly may impose reasonable filing requirements to obtain an exemption, deduction, or credit?".
    (c) This SECTION expires July 1, 2011.

SOURCE: ; (10)IN0253.1.2. -->     SECTION 2. An emergency is declared for this act.