About 15 hours after the Indiana Senate approved a high-profile property tax bill, Gov. Mike Braun signed the legislation, codifying his campaign promise of providing widespread relief to Hoosier homeowners.
The high-profile property tax legislation has been criticized both for not providing enough homeowner relief and for reducing revenue for local governments.
Indiana Gov. Mike Braun is expected to sign the latest version of Senate Bill 1, which supporters say would provide more than $1.4 billion in property tax relief over three years. Critics of the bill say local governments will raise income taxes to make up the difference.
The governor and legislative leaders have for weeks gone back and forth on the key components of Senate Bill 1.
A third property tax plan introduced on Wednesday would further protect local units of government from cuts to property tax bills, a change that would provide little tangible relief to the average homeowner.
Wednesday’s meeting included public testimony and a presentation from the Department of Local Government Finance, with proposed amendments and a vote pushed to another week.
Lake County officials are pointing to new data showing that homeowners have taken on an unfair share of property taxes in at least nine counties.
Gov. Mike Braun said Senate Bill 1 doesn’t do enough to provide widespread relief now that his proposal has been removed from the legislation.
Indiana lawmakers are advancing a bill to force the district to share property tax revenue with charter schools. While charter advocates support the change, IPS worries about creating an unsustainable system.
Senate Bill 1, which previously carried Gov. Mike Braun’s ambitious property tax relief plan, was pared down significantly in committee following outcry from local government leaders.
The bill would reduce property taxes—and therefore reduce local government revenue—by about $1.4 billion over three years, according to the bill’s fiscal plan.
Gov. Mike Braun says the amended proposal has a long way to go before it gets his signature.
The Indiana Legislature’s fiscal policy leaders heavily cut down a bill carrying Gov. Mike Braun’s ambitious property tax plan Tuesday morning.
Gov. Mike Braun’s proposal would cap annual increases on property taxes for all property types at 3%.
In his first State of the State address, Indiana Gov. Mike Braun on Wednesday doubled down on several of his campaign promises, focusing heavily on economic issues.
House Republicans also introduced a slew of bills addressing trademark issues such as education, housing and health care.
Property tax reform, Medicaid adjustments and water withdrawals are among the top priorities of the Indiana Senate Republicans’ 2025 platform, party leaders announced Wednesday.
Indiana’s revenues are down as tax collections continue to lag behind estimates, according to November’s state revenue report. Projections are based on analysis from December 2023 and due for an update next month.
The chief budget architect for the Indiana House of Representatives outlined property tax concerns Wednesday for the next legislative session, with a focus on school referendums and the use of excess levy appeals.
A new gubernatorial proposal from hopeful Eric Doden takes aim at property taxes for senior Hoosiers, as unveiled in his most recent ad released on Thursday.