SOURCE: Page 2, line 26; (07)MO165602.2. -->
Page 2, between lines 26 and 27, begin a new paragraph and insert:
"
(j) Notwithstanding IC 6-1.1-26, any refund amount that a
taxpayer is entitled to receive under this SECTION must be
applied as a credit against the taxpayer's property tax liability
attributable to the taxpayer's personal property. A credit applied
under this subsection must be applied in eight (8) equal amounts to
the taxpayer's property tax statements due in May and November
of the four (4) calendar years beginning after December 31 of the
year in which it is determined that the taxpayer is entitled to a
refund under this SECTION.".
Page 2, line 27, delete "(j)" and insert "
(k)".
(Reference is to HB 1656 as printed February 16, 2007.)
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MO165602/DI 92 2007