Prosperity Indiana 
2024 Bill Watchlist

Priority Bills

Disclaimer: Added analysis and notes are collaborative interpretations and subject to change at any time. All bills have been marked as 'Position: Monitor' unless the Prosperity Indiana Policy Committee has voted in favor of taking an otherwise active stance on the issue. All positions include caveats and are subject to change at any time. 

Prepared by: Hale Crumley
Report created on April 15, 2024
 
HB1029ASSESSMENT OF COMMUNITY LAND TRUST PROPERTY. (BAUER M) Provides for the true tax value of land and improvements in a community land trust for purposes of property tax assessment.
 Current Status:   2/5/2024 - DEAD BILL; Fails to advance by House 3rd reading deadline (Rule 147.2)
 Recent Status:   1/8/2024 - Referred to House Ways and Means
1/8/2024 - First Reading
 State Bill Page:   HB1029
 
HB1171SMALL LOAN FINANCE CHARGES. (HAMILTON C) Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits certain acts with respect to financing of a small loan and makes a violation a deceptive act and subject to penalties.
 Current Status:   2/5/2024 - DEAD BILL; Fails to advance by House 3rd reading deadline (Rule 147.2)
 Recent Status:   1/18/2024 - added as coauthor Representative Andrade M
1/8/2024 - Referred to House Financial Institutions
 State Bill Page:   HB1171
 Notes:   This bill would cap small dollar (payday) lending's maximum Annual Percentage Rate of interest at 36%, the same protection provided to active duty servicemen and servicewoman as per the federal Military Lending Act. In Indiana criminal loansharking is supposed to be capped at 72%, but small dollar (payday) lending has a special exception that allows them to charge up to 391%. These small dollar loans are typically utilized by low income Hoosiers living paycheck to paycheck.
 News Stories:   1/18/2024 - Coalition touts bills to improve consumer lending in Indiana
 
HB1212LAND BANKS. (ROWRAY E) Allows a county to adopt an ordinance requiring a person who wishes to participate in a tax sale as a bidder to pay a neighborhood investment fee of not more than $150 and specifies the manner in which neighborhood investment fees collected are to be distributed to land banks. Allows a county to adopt an ordinance to impose, in addition to the 5% penalty for delinquent real property taxes, an additional penalty of not more than 3% for a total penalty that may not exceed 8% of the amount of delinquent real property taxes (additional penalty ordinance). Specifies the manner in which the amounts collected attributable to an additional penalty ordinance are to be distributed to land banks. Allows a county to adopt an ordinance imposing a $15 fee for each document recorded on a tract located in the territory of a land bank and specifies the manner in which the fee shall be distributed to land banks. Makes various changes to the statutes governing land banks that concern certain land bank powers, objectives, and duties. Provides that a majority of the directors of a land bank's board must have demonstrated competency in an occupation or discipline that is relevant to the primary purpose of a land bank. Allows a land bank to establish advisory committees composed of specified community members to consult with and advise the land bank on: (1) properties within the territory of the land bank that are imposing the greatest harm on residents and neighborhoods; (2) resident and neighborhood priorities for new uses of land bank properties; and (3) options for potential transferees of land bank properties. Provides, subject to certain limitations, that a land bank may use an interlocal agreement to establish processes to improve the quality of title and marketability of property the land bank owns by extinguishing any liens that exist on the property. Provides that, if a land bank enters into an interlocal agreement, any employees of an eligible unit who may be contracted to provide staffing services to the land bank pursuant to the interlocal agreement retain their status as public employees of the eligible unit. Requires a county executive to provide a land bank in the county with a list of tracts located in the territory of the land bank that: (1) are delinquent on property taxes; and (2) have been offered for public sale at least two times and remain unsold; on an annual basis. Specifies that list must be provided to the land bank within 60 days after the end of the last tax sale for which the tracts went unsold. Allows the county executive to transfer its interest in a tract on the list to a land bank if requested by the land bank not later than 90 days after it receives the list.
 Current Status:   2/5/2024 - DEAD BILL; Fails to advance by House 3rd reading deadline (Rule 147.2)
 Recent Status:   1/16/2024 - added as coauthor Representative Errington
1/9/2024 - Referred to House Local Government
 State Bill Page:   HB1212
 
SB200NONPROFIT LOAN CENTER LOANS FOR STATE EMPLOYEES. (DEERY S) Provides that not later than: (1) September 1, 2024, in the case of a state agency other than a state educational institution or a school corporation; (2) September 1, 2025, in the case of a state agency that is a state educational institution; or (3) September 1, 2026, in the case of a state agency that is a school corporation; a state agency shall partner with each nonprofit loan center (NLC) operating in Indiana to become a participating employer in the NLC's nonprofit loan center program (NLC program) by offering voluntary payroll deductions for eligible full-time employees to make payments toward the balance of a nonprofit loan center loan (NLC loan) made by a nonprofit loan center lender (NLC lender). Provides that after becoming a participating employer in an NLC program, a state agency shall allow an eligible employee to: (1) voluntarily request and establish payroll deductions for an NLC loan at any time; and (2) revoke the employee's authorization for payroll deductions for an NLC loan at any time; including any time that falls outside a designated open enrollment period for employee benefits. Defines an "NLC loan" as a loan that meets certain requirements with respect to the principal amount, loan term, finance charge, authorized fees, method of repayment, and other loan terms. Authorizes the state comptroller to authorize the electronic transfer of funds from the state treasury to a designated NLC lender in payment of an NLC loan on behalf of an eligible employee who has voluntarily given the state comptroller written authorization, through the eligible employee's employing state agency, to make the transfer. Specifies that: (1) a loan made under the bill's provisions; or (2) a person that makes a loan under the bill's provisions; is subject to the requirements of the Uniform Consumer Credit Code chapter governing consumer loans. Provides that a depository institution may make a loan under the same terms and conditions that apply with respect to a nonprofit loan center loan to an employee of: (1) a state agency; or (2) any other employer; as long as the loan is made in compliance with any applicable law. Allows a wage assignment to be made for the purpose of making payment to a depository institution in repayment of a loan that is made to the employee by the depository institution under the same terms and conditions that apply with respect to an NLC loan. Authorizes the electronic transfer of funds from the state treasury on behalf of an employee of a state agency in payment of a loan made by a depository institution to the employee under the same terms and conditions that apply to an NLC loan.
 Current Status:   3/4/2024 - DEAD BILL; Fails to advance by House 3rd reading deadline for Senate bills (Rule 148.2)
 Recent Status:   2/13/2024 - added as cosponsor Representative Hamilton
2/6/2024 - Referred to House Financial Institutions
 State Bill Page:   SB200
 Notes:   This model is based on Prosperity Indiana's Community Loan Center (https://clcofindiana.org/) that acts as an alternative to predatory small dollar (payday) lending. This bill would require the State of Indiana to offer a loan product of similar terms to state employees by contracting with a provider.
 News Stories:   1/18/2024 - Coalition touts bills to improve consumer lending in Indiana
 
SB207ASSESSMENT OF COMMUNITY LAND TRUST PROPERTY. (YODER S) Provides for the true tax value of land and improvements in a community land trust for purposes of property tax assessment.
 Current Status:   2/6/2024 - DEAD BILL; Fails to advance by Senate 3rd reading deadline (Rule 79(a))
 Recent Status:   1/9/2024 - Referred to Senate Tax and Fiscal Policy
1/9/2024 - First Reading
 State Bill Page:   SB207
 
SB277RESIDENTIAL LANDLORD-TENANT MATTERS. (WALKER G) Provides that the court may appoint a receiver upon request by a county, city, or town when the property owner of a multifamily residential property with more than four dwelling units has failed to pay damages, costs, or attorney's fees that have been incurred by the multifamily residential property in a nuisance action brought by the county, city, or town. Allows a city, county, or town to bring a nuisance action against a tenant or other person responsible for a nuisance. Defines "essential services" as certain services needed for the safe and habitable occupation by a tenant of the tenant's rental unit. Defines "essential systems" as certain systems used to deliver essential services to a rental unit. Requires a landlord to provide and maintain a rental premises that is free from the following: (1) Pests, including rodents and invasive insects. (2) Mold. (3) Rot. Sets forth a procedure for a tenant to use to initiate a request for repairs. Requires a landlord to repair or replace an essential system not later than 72 hours after being notified by a tenant that the tenant's rental unit is without essential services under certain circumstances. Allows for certain remedies to the tenant for the landlord's noncompliance, including a procedure for the deposit of rent that is due with the clerk of the court if the landlord fails or refuses to make repairs or take remedial action. Provides that, during the pendency of a court action brought by a tenant, the court may order the tenant to make the regular rental payments otherwise due under the rental agreement to the clerk of the court or an attorney trust account, to be held in trust for disbursal to the prevailing party, as ordered by the court. Provides that a landlord may apply for release of rent deposits. Provides that, after June 30, 2024, a landlord may not manage a rental property in Indiana unless the landlord: (1) is authorized to do business in Indiana; (2) maintains an office at one or more physical locations in Indiana; or (3) appoints an Indiana licensed real estate broker or broker company to manage the rental property. Makes conforming changes.
 Current Status:   2/6/2024 - DEAD BILL; Fails to advance by Senate 3rd reading deadline (Rule 79(a))
 Recent Status:   1/25/2024 - added as coauthor Senator Yoder
1/25/2024 - added as coauthors Senators Becker and Niemeyer
 State Bill Page:   SB277
 News Stories:   3/18/2024 - ‘Message received’ on call for housing task force as Indiana slips in affordability
  2/29/2024 - Grassroots organizers criticize lawmakers for failed bills on fentanyl test strips, housing
  2/23/2024 - Failures in legislation at Statehouse lead to calls for a housing commission
 
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