Indiana Senate Bill 292 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Engrossed on February 4 2020 - 50% progression, died in committee
Action: 2020-02-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]

County option circuit breaker tax credit. Authorizes a county fiscal body to adopt an ordinance to provide a credit against property tax liability for qualified individuals. Defines a "qualified individual" for purposes of the credit. Provides that the ordinance may designate: (1) all of the territory of the county; or (2) one or more specific geographic territories within the county; as an area in which qualified individuals may apply for the credit. Provides that the credit amount is equal to the amount by which property taxes on the property increased by more than 2% from the prior year. Requires a qualified individual who desires to claim the credit to file a certified statement with the county auditor. Provides that the county auditor shall apply the credit in succeeding years after the certified statement is filed unless the auditor determines that the individual is no longer eligible for the credit or the county fiscal body rescinds the ordinance. Provides a penalty for wrongly receiving the credit that is the same as the penalty for wrongly receiving the homestead standard deduction.

County option circuit breaker tax credit.

Sen. Jack Sandlin [R]	Sen. Brian Buchanan [R]	Sen. Mike Gaskill [R]	Rep. Timothy Brown [R]
Rep. Ethan Manning [R]	Rep. Cherrish Pryor [D]

2020-02-03 - Senate - Senate - Third reading (Y: 39 N: 8 NV: 2 Abs: 1) [PASS]
2020-01-28 - Senate - Senate - Committee Vote (Y: 9 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-02-11	House	First reading: referred to Committee on Ways and Means
2020-02-04	Senate	Referred to the House
2020-02-03	Senate	Cosponsors: Representatives Manning and Pryor
2020-02-03	Senate	House sponsor: Representative Brown T
2020-02-03	Senate	Third reading: passed; Roll Call 123: yeas 39, nays 8
2020-01-30	Senate	Senator Gaskill added as third author
2020-01-30	Senate	Second reading: ordered engrossed
2020-01-28	Senate	Committee report: amend do pass, adopted
2020-01-16	Senate	Senator Buchanan added as second author
2020-01-09	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2020-01-09	Senate	Authored by Senator Sandlin

Type	Source
Summary	https://iga.in.gov/legislative/2020/bills/senate/292/details
Text	http://iga.in.gov/static-documents/d/c/e/f/dcefcb64/SB0292.01.INTR.pdf
Text	http://iga.in.gov/static-documents/2/c/6/c/2c6c6f33/SB0292.01.INTR.pdf
Text	http://iga.in.gov/static-documents/0/7/b/7/07b7e09e/SB0292.02.COMS.pdf
Roll Call	http://iga.in.gov/static-documents/2/d/c/3/2dc35598/SB0292.01.INTR.02.pdf
Roll Call	http://iga.in.gov/static-documents/c/e/c/2/cec225b0/SB0292.123_S.pdf