Indiana Senate Bill 558 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 20 2015 - 25% progression, died in committee
Action: 2015-01-20 - First Reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Land classification for tax purposes. Specifies the criteria for classifying land as agricultural land for property tax assessment purposes. Provides that certain undeveloped lands must be assessed as agricultural land regardless of the motives of the owner at the time the owner acquired the land, the zoning designation of the land, or whether the owner uses the land for growing crops or raising livestock or is otherwise engaged in the business of farming. Requires assessing officials to review for compliance with the new criteria the assessments of lands that had been classified as excess residential property for the 2005 through

Land classification for tax purposes. Specifies the criteria for classifying land as agricultural land for property tax assessment purposes. Provides that certain undeveloped lands must be assessed as agricultural land regardless of the motives of the owner at the time the owner acquired the land, the zoning designation of the land, or whether the owner uses the land for growing crops or raising livestock or is otherwise engaged in the business of farming. Requires assessing officials to review for compliance with the new criteria the assessments of lands that had been classified as excess residential property for the 2005 through

Sen. Michael Delph [R]

Date	Chamber	Action
2015-01-20	Senate	First Reading: referred to Committee on Tax & Fiscal Policy
2015-01-20	Senate	Authored by Senator Delph

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/558/details
Text	http://iga.in.gov/static-documents/8/e/2/0/8e20b7f4/SB0558.01.INTR.pdf