Indiana HB1384 amends property tax exemptions for nonprofit hospitals.
Indiana HB1384 modifies the state's property tax laws concerning nonprofit hospitals. It specifies that real property owned by a nonprofit hospital before July 1, 2026, remains exempt from property taxation if used for revenue-producing health care services. However, if the property is not used for such services after ten years, it becomes subject to property taxes, including interest. The bill also details conditions for property tax exemptions for various nonprofit entities and structures, including educational, charitable, and residential purposes.
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