SB0353: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 7:28 PM (America/Indianapolis).
General Information
- Stage: Introduced Senate Bill (S)
- Current Chamber: senate
- Origin Chamber: senate
- Description: Property tax rate freeze.
Legislators
Authors (3)
Coauthors (1)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (5 total)
- Jan 30, 2025, 11:03 AM: Senator Rogers added as coauthor
- Jan 30, 2025, 11:03 AM: Senator Baldwin added as third author
- Jan 30, 2025, 11:03 AM: Senator Buchanan added as second author
- Jan 14, 2025, 5:59 AM: First reading: referred to Committee on Tax and Fiscal Policy
- Jan 14, 2025, 5:59 AM: Authored by Senator Gaskill
Digest
Provides a calculation to be used in determining the maximum permissible ad valorem property tax levy and resulting tax rate for taxes first due and payable in 2026 and 2027, to cap the increase in the levy and tax rates based on a ratio comparison of each civil taxing unit's maximum permissible ad valorem property tax levy to net assessed value in 2025.