I wonder what the problem is that Sen. Stutzman is trying to fix here. His SB 529 repeals IC 36-1-11-8 which provides:
A transfer or exchange of property may be made with a governmental entity upon terms and conditions agreed upon by the entities as evidenced by adoption of a substantially identical resolution by each entity. Such a transfer may be made for any amount of real property, cash, or other personal property, as agreed upon by the entities.
The bill also provides that a political subdivision may not transfer real property to another political subdivision without consideration.
tim zank says
Some sort of a half-baked hoosier version of a 1031 exchange?