SB 585-7_ Filed 04/10/2013, 07:26 Slager


Text Box


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    WITHDRAWN        Noes _______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


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 585 be amended to read as follows:

SOURCE: Page 1, line 11; (13)MO058507.1. -->     Page 1, between lines 11 and 12, begin a new paragraph and insert:
SOURCE: IC 6-1.1-18.5-2; (13)MO058507.2. -->     "SECTION 2. IC 6-1.1-18.5-2, AS AMENDED BY P.L.1-2008, SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 2. (a) As used in this section, "Indiana nonfarm personal income" means the estimate of total nonfarm personal income for Indiana in a calendar year as computed by the federal Bureau of Economic Analysis using any actual data for the calendar year and any estimated data determined appropriate by the federal Bureau of Economic Analysis.
    (b) Subject to subsection (c), For purposes of determining a civil taxing unit's maximum permissible ad valorem property tax levy for an ensuing calendar year, the civil taxing unit shall use the assessed value growth quotient determined in the last STEP of the following STEPS:
        STEP ONE: For each of the six (6) calendar years immediately preceding the year in which a budget is adopted under IC 6-1.1-17-5 for the ensuing calendar year, divide the Indiana nonfarm personal income for the calendar year by the Indiana nonfarm personal income for the calendar year immediately preceding that calendar year, rounding to the nearest one-thousandth (0.001).
        STEP TWO: Determine the sum of the STEP ONE results.
        STEP THREE: Divide the STEP TWO result by six (6), rounding to the nearest one-thousandth (0.001).
        STEP FOUR: Determine the lesser of the following:
            (A) The STEP THREE quotient.
            (B) One and six-hundredths (1.06).
    (c) This subsection applies only to civil taxing units in Lake County. Notwithstanding any other provision, for property taxes first due and payable after December 31, 2007, the assessed value growth quotient used to determine a civil taxing unit's maximum permissible ad valorem property tax levy under this chapter for a particular calendar year is one (1) unless a tax rate of one percent (1%) will be in effect under IC 6-3.5-1.1-26 or IC 6-3.5-6-32 in Lake County for that calendar year.".
SOURCE: Page 4, line 41; (13)MO058507.4. -->     Page 4, between lines 41 and 42, begin a new paragraph and insert:
SOURCE: ; (13)MO058507.7. -->     "SECTION 7. [EFFECTIVE UPON PASSAGE] (a) IC 6-1.1-18.5-2, as amended by this act, applies to maximum permissible ad valorem property tax levy determinations made after 2013.
    (b) This SECTION expires January 1, 2017.
".
    Renumber all SECTIONS consecutively.
    (Reference is to ESB 585 as printed April 8, 2013.)

________________________________________

Representative Slager


MO058507/DI 58     2013