IN HB1272 | 2011 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-01-12 - First reading: referred to Committee on Natural Resources
Pending: House Natural Resources Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-01-12 - First reading: referred to Committee on Natural Resources
Pending: House Natural Resources Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Requires the department of natural resources (DNR), beginning in 2012, to make semiannual payments in lieu of property taxes (PILOT) for qualified parcels. Defines a "qualified parcel" as a parcel that: (1) consists of at least 100 acres; (2) was owned or leased by the DNR on March 1 of the preceding year; (3) is used as a state park; and (4) is subject to an exemption from property taxes. Provides that county units and conservancy districts containing qualified parcels are entitled to receive PILOTS. Provides that for purposes of calculating a PILOT, each acre of the qualified parcel is considered to have an assessed value of one-third of the statewide agricultural land base rate value. Annually appropriates from the state general fund the amount necessary to pay the required PILOTS.
Title
Payments in lieu of taxes.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-12 | First reading: referred to Committee on Natural Resources | |
| 2011-01-12 | Coauthored by Representative T. Brown | |
| 2011-01-12 | Authored by Representative Grubb |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=HB&docno=1272 |
| Text | http://www.in.gov/legislative/bills/2011/IN/IN1272.1.html |
