From official state and federal legislative records. Informational only, not legal advice.
Just proposed
A lawmaker wrote this idea down and officially asked the government to consider it.
Next: a committee studies it and decides if it moves forward.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Rental rate increase control. Prohibits a landlord from increasing the gross rental rate for certain rental units more than the lesser of: (1) 5%, plus the percentage cost of living increase; or (2) 10%; of the lowest gross rental rate charged for the rental unit during the 12 months prior to the effective date of the increase. Prohibits a landlord from increasing the gross rental rate in more than two increments over a 12 month period. Requires the legislative services agency to submit a report to the general assembly not later than July 1, 2030, analyzing the impact of the rental rate cap on the housing market in Indiana.