Condemnation of Hoosier homestead property.

Summary

The bill would establish a Hoosier homestead program, run by the Indiana Department of Agriculture, to recognize farms that have stayed in the same family for at least 100 years. Only the portion of a farm that meets the ownership and tax‑payment requirements would receive the designation. If a county, city, town, or school corporation uses eminent domain on that land, the owner could testify at a public meeting and would be paid the greater of 200% of fair market value or 200% of land value plus replacement cost of improvements, plus relocation and business‑loss compensation.

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