fbpx

< Back to Thought Leadership

Indiana Nonprofit Deadline: Indiana Form 136: April 1, 2022

Has your charitable organization moved in the last year? Have you had a significant change in use of property?

If your organization is located in Indiana, and you answered yes to either, you likely need to file a new Form 136 Application for Property Tax Exemption.

Indiana Code exempts from tax real property and business tangible personal property used for educational, religious or charitable purposes. To obtain exemption, Indiana Form 136 must be filed with the county assessor by April 1, 2022 of the assessment year. Once approved, the Form 136 does not need re-filed as long as the property continues to meet the requirements of IC 6-1.1-0-16 or IC 6-1.1-10-21. However, a change in location or use of the property will require the Form 136 to be re-filed. Annual filing of Forms 103 and 104 for tangible personal property are still required if applicable.

Don’t put your exemption at risk. Contact your Blue & Co. advisor if you have any concerns with your property tax exemption.

shamrocks not-for-profit tips

3 Lucky Tips for Not-For-Profits to Avoid Bank Fraud

Trusted Insights from The National Bank of Indianapolis Nonprofit Services Team Not-for-profit organizations are increasingly falling victim to fraud, with a rising number of incidents and an ever-growing amount of money being lost. Fraudsters find it easy to target not-for-profits, as their publicly available 990s provide valuable information. Protecting your organization from such fraudulent activities […]

Learn More

Capital Efficiency Concepts: How to Evaluate Capital Purchases

Rising interest rates and historic inflation are impacting hospital purchasing decisions. Using capital efficiency concepts in making hospital purchasing plans is as important as ever. What is Capital Efficiency? Capital efficiency refers to how effectively a hospital deploys its resources to generate returns. In the context of fixed assets and software purchases, capital efficiency involves […]

Learn More
someone writing kentucky house bill 360 with a pen

Kentucky House Bill 360 – Pass-Through Entity Tax Proposal

By Amy Sandlin, CPA, Tax Senior Manager at Blue & Co. A pass-through entity tax proposal is currently making its way through the Kentucky General Assembly as part of a larger tax omnibus bill (Kentucky House Bill 360). The pass-through entity (PTE) tax provisions in the bill are intended to be retroactive to January 1, […]

Learn More