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Friday, March 11, 2016

Ind. Gov't. - Big box/dark box property tax law revisions pass in last hours of session

According to this story this morning by Hayleigh Colombo in the IBJ:

There could be some relief in sight for local governments that were losing tax revenue due to the so-called “dark box” valuation method of commercial property in their counties.

Lawmakers on Thursday, shortly before adjourning the 2016 session of the Indiana General Assembly, easily passed and sent to the governor a bill establishing a property valuation method known as “market segmentation,” in which property types would be evaluated based on where they fall into specific market classes.

See a long list of earlier ILB posts on this topic here.

Here is the CCR on SB 308, including big box/dark box taxation language.

Posted by Marcia Oddi on March 11, 2016 07:48 AM
Posted to Indiana Government