Providing property tax relief and long-term reforms for Hoosiers
6 Articles
6 Articles
Larry DeBoer: Property tax bill also reforms the local income tax
Editor’s note: Opinion content expressed by columnists is solely the opinion of that person and not the Daily Journal. The governor signed Senate Enrolled Act 1 into law on April 15. This is the bill that was introduced with the governor’s big tax cuts for homeowners, which would have caused large revenue losses for local governments. The Senate amended the bill to make the cuts much smaller and spread them to all taxpayers, with much smaller lo…
Indiana’s New Property Tax Relief Law Raises Questions About Local Government Debt and School Funding – Accountant Log
The new law, signed by Governor Mike Braun on April 15, aims to cut $1.3 billion from property tax bills over three years through property tax credits and higher homestead exemptions. Limiting Local Government Bonds The law limits referendums or local public questions to general election dates and requires political subdivisions to wait one year after the expiration of previous general obligation bonds to issue more GO bonds. There is an excepti…
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