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Subject:
Item Title: INDIANA GENERAL ASSEMBLY CHANGES PETITION AND REMONSTRANCE PROCESS
Summary:

This article is the second in a series about recent changes to property taxes and revenue streams enacted in the 2007 Indiana General Assembly. We thank Buddy Downs, Lisa Lee and Karen Arland from Ice Miller LLP for their research and insights.

Senate Enrolled Act 287 amended the current petition and remonstrance process to include registered voters as well as owners of real property on petitions to support or oppose projects financed by bonds. The new process applies to any controlled project with a preliminary determination date of May 11 or after. A controlled project is defined as any capital project with a cost greater than $2 million to be paid from property taxes.

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CIRCULAR 230 DISCLOSURE:

To ensure compliance with U.S. Treasury Department Regulations, we are required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including any attachments, is not intended or written by us to be used, and cannot be used, by anyone for the purpose of avoiding federal tax penalties.