- Skip Navigation

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

Indiana General Assembly
Senate Bill 0112


Search all legislative material from the 2004 Session.
General Assembly Home Page

Session Information

Complete Bill Listing

Get Acrobat Reader
You will need to download and install Acrobat Reader to view PDF documents.


Senate Bill 0112

ARCHIVE (2004)

Latest Information


Property tax liens in tax allocation areas. Provides that the payment obligations of a taxpayer that: (1) is located in a property tax allocation area established by a redevelopment commission; and (2) enters into an agreement after June 30, 2004, with the redevelopment commission that protects the bond or lease obligations of the commission; are enforceable in the same manner as property taxes regardless of whether the agreement provides for a property tax lien. (For agreements made before July 1, 2004, existing law provides that the obligations are enforceable in the same manner as property taxes if the agreement provides for a property tax lien.) For agreements providing for a lien, specifies that the lien attaches: (1) to the property; and (2) on the date; specified in the agreement. For agreements not providing for a lien but to which a lien applies under the new provisions, provides that the lien attaches: (1) to the taxpayer's real property in the allocation area; (2) to depreciable personal property in the area if taxes on such property are included in the taxes allocated in the area; and (3) on the date the agreement was executed. Specifies that a lien attaches without further action by the commission. Provides that a lien that attaches as a result of an agreement with the commission: (1) inures to the benefit of the commission and the taxing units comprising the allocation area; and (2) is superior to all other liens except a first mortgage on real property.
    Current Status:
     In Committee - first House
    >Latest Printing > (PDF)