MR. PRESIDENT:
I move
that Engrossed House Bill 1814 be amended to read as follows:
Page 2, between lines 2 and 3, begin a new paragraph and insert:
"SECTION 2. IC 6-1.1-3-1 IS AMENDED TO READ AS FOLLOWS
[EFFECTIVE JANUARY 1, 2003 (RETROACTIVE)]: Sec. 1. (a)
Except as provided in subsection (c), personal property which is
owned by a person who is a resident of this state shall be assessed at
the place where the owner resides on the assessment date of the year
for which the assessment is made.
(b) Except as provided in subsection (c), personal property which
is owned by a person who is not a resident of this state shall be
assessed at the place where the owner's principal office within this
state is located on the assessment date of the year for which the
assessment is made.
(c) Personal property shall be assessed at the place where it is
situated on the assessment date of the year for which the assessment
is made if the property is:
(1) regularly used or permanently located where it is situated; or
(2) owned by a nonresident who does not have a principal office
within this state.
(d) If a personal property return is filed pursuant to subsection (c),
the owner of the property shall provide, within forty-five (45) days
after the filing deadline, a copy or other written evidence of the filing
of the return to the assessor of the township in which the owner
resides. If such evidence is not filed within forty-five (45) days after
the filing deadline, the assessor of the township in which the owner
resides shall determine if the owner filed a personal property return in
the township where the property is situated. If such a return was filed,
the property shall be assessed where it is situated. If such a return was
not filed, the assessor of the township where the owner resides shall
notify the assessor of the township where the property is situated, and
the property shall be assessed where it is situated. This subsection does
not apply to a taxpayer who:
(1) is required to file duplicate personal property returns under
section 7(c) of this chapter and under regulations promulgated by the
department of local government finance with respect to that section;
or
(2) is required by the department of local government finance to
file a summary of the taxpayer's business tangible personal property
returns.
(e) Notwithstanding subsection (c), if the true tax value of the
personal property of a nonresident who does not have a principal
office within Indiana does not exceed ten thousand dollars
($10,000) in any taxing district, that personal property shall be
reported by the nonresident taxpayer and assessed at the place
where the highest true tax value of personal property owned by
the nonresident is situated on the assessment date of the year for
which the assessment is made.".
Renumber all SECTIONS consecutively.
(Reference is to EHB 1814 as printed March 18, 2003.)