SB0129: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 7:50 PM (America/Indianapolis).
General Information
- Stage: Senate Bill (S)
- Current Chamber: senate
- Origin Chamber: senate
- Description: Landlocked property.
Legislators
Coauthors (0)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (4 total)
- Jan 21, 2025, 9:52 AM: Senator Niemeyer added as second author
- Jan 21, 2025, 8:45 AM: Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy
- Jan 8, 2025, 10:21 AM: First reading: referred to Committee on Local Government
- Jan 8, 2025, 10:21 AM: Authored by Senator Buck
Digest
Defines "landlocked property" as real property that has been shut off from all public highways as a result of the vacation of one or more public highways. Provides that if an action of the state, or an agency or political subdivision of the state, causes real property to become landlocked property, the county assessor of the county in which the landlocked property is located must assess the value of the landlocked property at the same rate that native forest land, a forest plantation, or wildlands are assessed for as long as the property qualifies as landlocked property.