Indiana Senate Bill 231 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2018 - 25% progression, died in committee
Action: 2018-01-03 - First reading: referred to Committee on Local Government
Pending: Senate Local Government Committee
Text: Latest bill text (Introduced) [PDF]

Township property taxes. Specifies that when formulating an annual budget, a township must consider: (1) the ending balance that will remain in each township fund relative to the budgeted expenditures from the fund; and (2) whether the part of the balance in excess of 10% of budgeted expenditures should be used instead of imposing additional property taxes for the ensuing year. Requires the department of local government finance to consider those factors when reviewing a township's budget, tax rate, and tax levy.

Township property taxes. Specifies that when formulating an annual budget, a township must consider: (1) the ending balance that will remain in each township fund relative to the budgeted expenditures from the fund; and (2) whether the part of the balance in excess of 10% of budgeted expenditures should be used instead of imposing additional property taxes for the ensuing year. Requires the department of local government finance to consider those factors when reviewing a township's budget, tax rate, and tax levy.

Sen. John Ruckelshaus [R]

Date	Chamber	Action
2018-01-03	Senate	First reading: referred to Committee on Local Government
2018-01-03	Senate	Authored by Senator Ruckelshaus

Type	Source
Summary	https://iga.in.gov/legislative/2018/bills/senate/231/details
Text	http://iga.in.gov/static-documents/4/f/f/5/4ff5ec0b/SB0231.01.INTR.pdf