Indiana Property Tax Changes

Posted on Wednesday, August 12, 2015

Although most nonprofit organizations do receive exemption from tangible personal property taxes, they are still required to file property tax forms each year.  The current assessment date for these returns is March 1st with the return due May 15th. 

In March 2014, Senate Bill 420 was signed in to law.  The Bill, which was effective July 1, 2014, changes the assessment date for tangible property from March 1 to January 1 beginning in 2016.  Therefore, when filing your organization’s next property tax return, you will report tangible personal property on hand as of January 1, 2016 instead of March 1, 2016.  The due date to file property tax returns is still May 15th of each year.

See DWD’s previous blog on Nonprofit Property Taxes for additional information.

Posted by: Carrie Minnich, CPA

Posted in Mission Minded Nonprofits

Disclaimer: The information contained in Dulin, Ward & DeWald’s blog is provided for general educational purposes only and should not be construed as financial or legal advice on any subject matter. Before taking any action based on this information, we strongly encourage you to consult competent legal, accounting or other professional advice about your specific situation. Questions on blog posts may be submitted to your DWD representative.

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