IndianaLocal taxes in certain municipalities.
What it does
Requires the department of local government finance to increase the maximum permissible property tax levy for certain qualifying municipalities for property taxes first due and payable in 2025 to include all debt service levies of the qualifying municipality for property taxes first due and payable in 2025. Specifies that the adjustment is a one time and permanent increase. Changes the local income tax trust account threshold percentage of a county that contains a qualifying municipality, which is used for purposes of determining whether the county shall receive a supplemental distribution.
More detail
Modifies the certified share allocation determination for a qualifying municipality. Prohibits the use of funds from the state general fund to make up certain local income tax related shortfalls.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 3First reading: referred to Committee on Ways and MeansLatest
- Feb 18Referred to the HouseMinor
- Feb 17Third reading: passed; Roll Call 141: yeas 47, nays 0Passed Senate
- Vote recorded SB 290 - Walker K - 3rd Reading. Result: pass.Upper
- Feb 17House sponsor: Representative Thompson
- Feb 17Cosponsor: Representative Snow
- Feb 13Second reading: ordered engrossedMinor
- Feb 11Committee report: amend do pass, adoptedMinor
- Feb 11Senator Randolph added as coauthor
- Jan 13First reading: referred to Committee on Tax and Fiscal PolicyMinor
- Jan 13Authored by Senators Walker K and HoldmanIntroduced