IN.gov - 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 0286


 

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 0286

ARCHIVE (2004)

Latest Information

 
DIGEST OF SB 286 (Updated February 18, 2004 5:58 pm - DI 92)

Various tax matters. Extends the research expense income tax credit indefinitely. Allows a property owner to determine the year in which a five year residential rehabilitation property tax deduction period begins and allows a property owner to revive a deduction not taken for the assessment date in 2003 or an earlier year. Amends the definition of rehabilitation. Allows the inclusion of certain market data in the application for a deduction. Provides that the property tax deduction for a building that contains principal rental dwellings is equal to the number of units multiplied by $2,000. Increases the standard deduction for homesteads by $2,000. Establishes a farmland property tax credit. Makes an appropriation to distribute an amount to taxing units equal to the amount of farmland property tax credits granted in the taxing units.
    Current Status:
     Out of Committee 2nd House
    >Latest Printing > (PDF)