SB0290: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Page last updated: Friday, June 6, 2025 at 9:29 AM (America/Indianapolis).

General Information

• Stage: Senate Bill (H)
• Current Chamber: house
• Origin Chamber: senate
• Description: Local taxes in certain municipalities.

Legislators

Actions (10 total)

• Mar 3, 2025, 7:22 AM: First reading: referred to Committee on Ways and Means
• Feb 18, 2025, 5:20 AM: Referred to the House
• Feb 17, 2025, 1:27 PM: Cosponsor: Representative Snow
• Feb 17, 2025, 1:27 PM: House sponsor: Representative Thompson
• Feb 17, 2025, 1:22 PM: Third reading: passed; Roll Call 141: yeas 47, nays 0
• Feb 13, 2025, 10:43 AM: Second reading: ordered engrossed
• Feb 11, 2025, 11:06 AM: Senator Randolph added as coauthor
• Feb 11, 2025, 8:41 AM: Committee report: amend do pass, adopted
• Jan 13, 2025, 11:33 AM: First reading: referred to Committee on Tax and Fiscal Policy
• Jan 13, 2025, 11:33 AM: Authored by Senators Walker K and Holdman

Digest

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. 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.