Authors: Senator Joseph Zakas, Senator Timothy Lanane
Co-authors: Senator Lonnie Randolph, Senator Dennis Kruse
Sponsors: Representative Edward Clere
Requires a county auditor to place a notation on the tax duplicate when the county auditor determines that property is no longer eligible for a standard deduction and indicates that a bona fide purchaser of the property is not liable for taxes and penalties that accrue before the notation is made as a result of the removal of the deduction. Indicates that certain defects in a lease recorded with the county recorder do not invalidate the effect of recording the lease.