Indiana legislation · 2026 Regular Session
Indiana HB1369: Various property tax matters.
Status: In committee, January 8, 2026
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.
What the bill says
A bill FOR AN ACT to amend the Indiana Code concerning taxation.
From the introduced text:
A BILL FOR AN ACT to amend the Indiana Code concerning taxation. SECTION 1. IC 6-1.1-10-6 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 6. (a) Property which is owned by a domestic corporation of this state is exempt from property taxation (2) the corporation is, pursuant to a contract, supplying its entire output of water at wholesale rates to a city or town of this state; and (3) the city or town which receives the water owns at least ninety-five percent (95%) of the corporation's capital stock. (b) For purposes of this section, stock is preferred stock and not capital stock if: (1) fixed dividends are payable to the stock owner at a rate not to exceed six percent (6%) per year; and (2) the stock owner has no further right to participate in the profits of the corporation. (c) This section applies only to property taxes imposed for an 2026 IN 1369--LS 6990/DI assessment date before January 1, 2027. (d) This section expires January 1, 2028. SECTION 2. IC 6-1.1-10-7 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 7. (a) Property is exempt from property taxation if it is owned by a non-profit corporation which is engaged in the sale and distribution of water. However, this exemption only applies if the corporation …
Sponsors
- Jim Lucas (R, HD-069) · primary sponsor
Latest actions
- : First reading: referred to Committee on Ways and Means
- : Authored by Representative Lucas
Subjects: PROPERTY; Generally, COUNTY GOVERNMENT, TAXES; Property Taxes
Common questions
- What is HB1369?
- HB1369 is a bill in the Indiana Legislature (2026 Regular Session): Various property tax matters.
- What does HB1369 do?
- In its own words: A bill FOR AN ACT to amend the Indiana Code concerning taxation.
- What is the status of HB1369?
- In committee as of January 8, 2026. Latest action: First reading: referred to Committee on Ways and Means (January 8, 2026).
- Who sponsored HB1369?
- Jim Lucas (R, HD-069).
- Where is the official record for HB1369?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/house/1369
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.