| Articles for
June 13, 2007 |
| INDIANA GENERAL ASSEMBLY CHANGES TO FUNDING AND FINANCING PRESENT BOTH OPPORTUNITIES AND CHALLENGES |
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This article is the first in a series about recent changes to property taxes and revenue streams enacted in the 2007 Indiana General Assembly. We thank Buddy Downs and Karen Arland from Ice Miller LLP for their research and insights.
Property tax relief and new revenue streams for local governmental units were clearly high on legislators' priority lists in the 2007 session of the Indiana General Assembly. Many different plans were considered, but the final changes to funding and finance were not agreed upon until the final day of the session. The end of the session left affected entities scrambling to determine exactly what was changed and what to do next.
For more information, please click on Full Article below. |
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| IURC TO INVESTIGATE UTILITY SUB-METERING |
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On April 25, 2007, the Indiana Utility Regulatory Commission (IURC) issued an order initiating a formal investigation into the practices of sub-metering regulated water and sewer service in the state of Indiana. Just what is sub-metering? Sub-metering is the practice of property owners charging residents for water or sewer service that was procured by the property owner for the residents' ultimate use. This occurs most often in manufactured home communities, campgrounds and multiple dwelling unit properties.
For more information, please click on Full Article below. |
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CIRCULAR 230 DISCLOSURE:
To ensure compliance with recently-enacted U.S. Treasury Department Regulations, we are now 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. |
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