Sec. 0.3. The general assembly finds and determines the following: (1) Lake County and St. Joseph County are counties for which limits to property tax liability under this chapter (and as described in the proposed subsection (h) of Article 10, Section 1 of the Constitution of the State of Indiana as included in Senate Joint […]
Sec. 0.5. As used in this chapter, “agricultural land” refers to land assessed as agricultural land under the real property assessment rules and guidelines of the department of local government finance. As added by P.L.146-2008, SEC.213.
As added by P.L.246-2005, SEC.62. Repealed by P.L.146-2008, SEC.811.
Sec. 1.2. (a) This section applies to credit determinations after 2013. (b) As used in this chapter, “common areas” means any of the following: (1) Residential property improvements on real property on which a building that includes two (2) or more dwelling units, a mobile home, or a manufactured home is located, including all roads, […]
Sec. 1.6. As used in this chapter, “gross assessed value” refers to the assessed value of property after the application of all exemptions under IC 6-1.1-10 or any other provision. As added by P.L.146-2008, SEC.214.
Sec. 10. (a) As used in this section, “debt service obligations of a political subdivision” refers to: (1) the principal and interest payable during a calendar year on bonds; and (2) lease rental payments payable during a calendar year on leases; of a political subdivision payable from ad valorem property taxes. (b) Political subdivisions are […]
Sec. 11. The department of local government finance shall annually publish a report on its Internet web site that lists the amount that each taxing unit’s distribution of property taxes will be reduced under section 9.5 of this chapter as a result of the granting of the credits. As added by P.L.146-2008, SEC.227. Amended by […]
Sec. 11.1. (a) Before August 1 of each year, the department of local government finance shall provide to each taxing unit that levies property taxes an estimate of the amount by which the taxing unit’s distribution of property taxes will be reduced under section 9.5 of this chapter in the ensuing year. (b) To determine […]
Sec. 12. For purposes of computing and distributing after 2008 any excise taxes or local option income taxes for which the distribution is based on the amount of a taxing unit’s property tax levy, the computation and distribution of the excise tax or local option income tax shall be based on the taxing unit’s property […]
Sec. 13. (a) A political subdivision is eligible to allocate credits proportionately under this section if the distressed unit appeal board has approved the waiver request of the emergency manager for the political subdivision under IC 6-1.1-20.3-8.5. (b) For a political subdivision that has been granted a waiver under IC 6-1.1-20.3-8.5, the political subdivision may […]
Sec. 2. (a) As used in this chapter, “homestead” refers to a homestead that has been granted a standard deduction under IC 6-1.1-12-37. (b) The term includes a house or apartment that is owned or leased by a cooperative housing corporation (as defined in 26 U.S.C. 216(b)). As added by P.L.246-2005, SEC.62. Amended by P.L.146-2008, […]
Sec. 2.3. As used in this chapter, “long term care property” means property that: (1) is used for the long term care of an impaired individual; and (2) is one (1) of the following: (A) A health facility licensed under IC 16-28. (B) A housing with services establishment (as defined in IC 12-10-15-3) that is […]
Sec. 2.4. As used in this chapter: (1) “manufactured home” has the meaning set forth in IC 22-12-1-16; and (2) “mobile home” has the meaning set forth in IC 16-41-27-4. As added by P.L.146-2008, SEC.217.
Sec. 2.5. (a) As used in this chapter, “nonresidential real property” refers to either of the following: (1) Real property that: (A) is not: (i) a homestead; or (ii) residential property; and (B) consists of: (i) a building or other land improvement; and (ii) the land, not exceeding the area of the building footprint or […]
Sec. 3. As used in this chapter, “property tax liability” means, for purposes of: (1) this chapter, other than section 8.5 of this chapter, liability for the tax imposed on property under this article determined after application of all credits and deductions under this article or IC 6-3.6, except the credit under this chapter, but […]
As added by P.L.146-2008, SEC.220. Repealed by P.L.182-2009(ss), SEC.465.
Sec. 4. As used in this chapter, “residential property” refers to real property that consists of any of the following: (1) A single family dwelling that is not part of a homestead and the land, not exceeding one (1) acre, on which the dwelling is located. (2) Real property that consists of: (A) a building […]
As added by P.L.246-2005, SEC.62. Repealed by P.L.146-2008, SEC.811.
As added by P.L.246-2005, SEC.62. Amended by P.L.162-2006, SEC.8. Repealed by P.L.146-2008, SEC.811.
As added by P.L.162-2006, SEC.9. Amended by P.L.1-2007, SEC.43; P.L.224-2007, SEC.37. Repealed by P.L.146-2008, SEC.811.
