[r59] Bill to Simplify Home-Buying Process Clears Senate (4/14/2009)

Tuesday, April 14, 2009

Start Date: 4/14/2009 All Day
End Date: 4/14/2009

STATEHOUSE - The process of buying a home would be a little easier under a bill approved by the Senate.

House Bill 1096 was approved by the Senate today by a XX-X vote.

The bill, co-authored by Rep. Milo Smith (R-Columbus), streamlines the paperwork by replacing several pages of paperwork with a single piece of paper that would act as a sales disclosure form and an application for the standard property tax mortgage deduction.

"The burden of mounds of paperwork after buying a home can be complicated and confusing," Rep. Smith said. "This bill creates a common sense way of doing things, to be sure that no one will be denied a mortgage deduction, while decreasing the amount of paperwork Hoosiers are required to fill out after a home purchase."

If the author of the bill approves the changes, the bill will go to the governor's office. If the bill in its current form is not approved, a dissent will be filed and the bill could go to conference committee to be debated.