SB0009: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Page last updated: Sunday, April 20, 2025 at 7:00 PM (America/Indianapolis).

General Information

• Stage: Introduced Senate Bill (S)
• Current Chamber: senate
• Origin Chamber: senate
• Description: Maximum levy growth quotient.

Legislators

Actions (3 total)

• Jan 16, 2025, 5:49 AM: Senator Holdman added as second author
• Jan 14, 2025, 5:58 AM: First reading: referred to Committee on Tax and Fiscal Policy
• Jan 14, 2025, 5:58 AM: Authored by Senator Baldwin

Digest

Amends, beginning with property taxes first due and payable in 2027, the calculation to determine the maximum levy growth quotient (MLGQ) used in determining a civil taxing unit's maximum permissible ad valorem property tax levy and specifies that the MLGQ calculation is determined for the county and each civil taxing unit within the county. Provides, beginning with property taxes first due and payable in 2027, that the term "civil taxing unit" includes a school corporation. (Under current law, a school corporation: (1) is excluded from the definition of a "civil taxing unit"; and (2) has a separate MLGQ calculation.) Beginning with property taxes first due and payable in 2027, requires the budget agency to: (1) provide the MLGQ for each county to civil taxing units and the department of local government finance; and (2) calculate, using each county's MLGQ, the statewide minimum, statewide maximum, statewide median, and statewide average. Provides, beginning with property taxes first due and payable in 2027, for the calculation of the MLGQ for civil taxing units with territory in more than one county.