Sales disclosure form; filing with county auditor; forwarding to
assessors; use of information in forms; confidential information
Sec. 3. (a) For purposes of this section, "party" includes:
(1) a seller of property that is exempt under the seller's
ownership; or
(2) a purchaser of property that is exempt under the purchaser's
ownership;
from property taxes under IC 6-1.1-10.
(b) Before filing a conveyance document with the county auditor
under IC 6-1.1-5-4, all the parties to the conveyance must complete
and sign a sales disclosure form as prescribed by the department of
local government finance under section 5 of this chapter. All the
parties may sign one (1) form, or if all the parties do not agree on the
information to be included on the completed form, each party may
sign and file a separate form.
(c) Except as provided in subsection (d), the auditor shall forward
each sales disclosure form to the county assessor. The county
assessor shall retain the forms for five (5) years. The county assessor
shall forward the sales disclosure form data to the department of
local government finance and the legislative services agency:
(1) before January 1, 2005, in an electronic format, if possible;
and
(2) after December 31, 2004, in an electronic format specified
jointly by the department of local government finance and the
legislative services agency.
The county assessor shall forward a copy of the sales disclosure
forms to the township assessors in the county. The forms may be
used by the county assessing officials, the department of local
government finance, and the legislative services agency for the
purposes established in IC 6-1.1-4-13.6, sales ratio studies,
equalization, adoption of rules under IC 6-1.1-31-3 and
IC 6-1.1-31-6, and any other authorized purpose.
(d) In a county containing a consolidated city, the auditor shall
forward the sales disclosure form to the appropriate township
assessor. The township assessor shall forward the sales disclosure
form to the department of local government finance and the
legislative services agency:
(1) before January 1, 2005, in an electronic format, if possible;
and
(2) after December 31, 2004, in an electronic format specified
jointly by the department of local government finance and the
legislative services agency.
The forms may be used by the county assessing officials, the
department of local government finance, and the legislative services
agency for the purposes established in IC 6-1.1-4-13.6, sales ratio
studies, equalization, adoption of rules under IC 6-1.1-31-3 and
IC 6-1.1-31-6, and any other authorized purpose.
(e) If a sales disclosure form includes the telephone number or
Social Security number of a party, the telephone number or Social
Security number is confidential.
As added by P.L.63-1993, SEC.1. Amended by P.L.6-1997, SEC.26;
P.L.89-2001, SEC.2; P.L.90-2002, SEC.52; P.L.245-2003, SEC.6;
P.L.1-2004, SEC.9 and P.L.23-2004, SEC.10; P.L.64-2004, SEC.1;
P.L.228-2005, SEC.16.
Last modified: May 28, 2006