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About 15 hours after the Indiana Senate approved changes to a high-profile property tax bill, Gov. Mike Braun signed the legislation, codifying his campaign promise of providing widespread relief to Hoosier homeowners.
Braun announced his move in a social media post Tuesday afternoon.
“Today I signed historic tax relief for Hoosiers into law,” Braun posted to X (formerly Twitter). “Nearly every Hoosier, homeowner, farmer, and business owner will benefit from tax cuts, reforms, and stronger taxpayer protections!”
The new relief measures will largely be phased in over the next four years, but many taxpayers will see lower tax bills in 2026 than in 2025.
The bill includes a 10% tax credit with a maximum impact of $300, credits for vulnerable Hoosier taxpayers, reform of how the state collects property taxes, a charter school revenue-sharing measure and local income tax adjustments.
The governor and legislative leaders have for weeks gone back and forth on SB 1’s contents. Last week, the House struck a compromise with Braun by passing an amendment increasing some immediate relief.
Lt. Gov. Micah Beckwith said in an X post Saturday that Braun should veto the bill and call a special session to pass legislation that “the average Hoosier can understand without hiring army of lawyers and accountants.”
Still, the Indiana Senate worked into early Tuesday morning to approve the House’s changes and send the House’s version of a high-profile property tax bill to the governor.
The final version of the legislation still has critics on both ends of the issue: some saying relief isn’t going far enough and others who say the local government cuts aren’t worth the savings.
You can read more about the bill the late-night Senate approval vote here.
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