summary
Introduced
01/12/2026
01/12/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Tax matters. Provides a real and personal property tax exemption for Indiana nonprofit senior living communities beginning with property taxes that are first due and payable in 2027.
AI Summary
This bill establishes a new chapter in Indiana law to provide a property tax exemption for certain Indiana nonprofit senior living communities, meaning they will no longer have to pay taxes on their real estate and tangible personal property. This exemption applies to buildings owned by a nonprofit entity that is either registered as a continuing care retirement community, defined as a small house health facility, or licensed as a health care or residential care facility. The exemption will be effective for property taxes first due and payable in 2027, with the new law applying to assessment dates after December 31, 2025. An emergency is declared for this act, meaning it will take effect immediately upon passage.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate Tax and Fiscal Policy Hearing (07:30:00 1/20/2026 Room 431) (on 01/20/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://iga.in.gov/legislative/2026/bills/senate/287/details |
| BillText | https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0287/SB0287.01.INTR.pdf |
| Fiscal Note #1: Introduced | https://iga.in.gov/pdf-documents/124/2026/senate/bills/SB0287/fiscal-notes/SB0287.01.INTR.FN001.pdf |
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