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IN HB1369

IN HB1369
Various property tax matters.


summary

Introduced
01/08/2026
In Committee
01/08/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Various property tax matters. Expires various property tax exemptions allowed in current law. Provides that certain property tax abatements may not be granted after December 31, 2030. Authorizes a county fiscal body to adopt an ordinance that exempts certain homesteads owned by an individual who is at least 65 years of age from property taxation. Makes corresponding changes.

AI Summary

This bill makes several changes to property tax laws, primarily by expiring or limiting various property tax exemptions and abatements. Specifically, it sets expiration dates for several existing property tax exemptions, generally making them applicable only to assessment dates before January 1, 2027, and expiring on January 1, 2028. It also introduces a provision allowing a county fiscal body (the county council or city-county council) to adopt an ordinance to exempt homesteads owned by individuals aged 65 or older from property taxation. Additionally, it states that certain property tax abatements, which are reductions in property taxes granted for specific purposes like economic development, may not be initially granted after December 31, 2030, though existing abatements may continue until their scheduled end.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

First reading: referred to Committee on Ways and Means (on 01/08/2026)

bill text


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