IN HB1176 | 2024 | Regular Session

Indiana House Bill 1176

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-01-09 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Investor ownership of single family residences. Establishes the housing down payment assistance fund. Establishes a tax of 50% of the fair market value of a single family residence for each single family residence acquired by an applicable taxpayer after the applicable date. Establishes a maximum number of single family residences that may be owned by an applicable taxpayer after the applicable date for purposes of calculating an annual tax on any excess single family residences.

Title

Investor ownership of single family residences.

History

Date	Chamber	Action
2024-01-09	House	First reading: referred to Committee on Ways and Means
2024-01-09	House	Authored by Representative Harris

Indiana State Sources

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1176/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1176/HB1176.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1176/fiscal-notes/HB1176.01.INTR.FN001.pdf