Lawmakers preview property tax policy at legislative conference
Senate Tax and Fiscal Policy Chair Travis Holdman, R-Markle, said his caucus is ready to introduce between 12 and 15 bills that will affect property taxes.
Senate Tax and Fiscal Policy Chair Travis Holdman, R-Markle, said his caucus is ready to introduce between 12 and 15 bills that will affect property taxes.
Voters will have one final televised opportunity to hear from the candidates on Oct. 24 during the Indiana Debate Commission’s debate.
Sen. Mike Braun, the Republican candidate for governor, partnered with conservative public policy group Hoosiers for Opportunity, Prosperity & Enterprise Inc., or HOPE, to develop his agenda.
More than half of the expected developments within the district the city has designated as a professional sports development area, or PSDA, have yet to break ground.
Jennifer McCormick’s plan follows the release of Republican frontrunner Mike Braun’s tax plan in an election in which property tax relief continues to emerge as a top priority.
Republican Micah Beckwith, Democrat Terry Goodin and Libertarian Tonya Hudson spent most of Tuesday’s agriculture-focused debate arguing over whose tax policies would be most beneficial.
The taxing district is expected to generate about $4.65 million a year for downtown-focused efforts in Indianapolis, along with funding the operating costs of the low-barrier homeless shelter planned on the southeast side of downtown.
Republican gubernatorial candidate Mike Braun’s lack of particulars on his property tax relief plan for homeowners has raised concerns that the tax burden could be shifted to business and agricultural property owners.
For the JW Marriott, the fee would be nearly $348,000 a year. For Salesforce Tower, the cost is about $251,000.
Mike Braun, the Republican candidate for governor, is calling for increasing the homestead deduction, capping property tax increases and increasing voter participation in property tax referendums.
U.S. Sen. Mike Braun, who is the GOP nominee for Indiana governor, said the issue of high property taxes is probably the one he hears about the most.
Rep. Jeff Thompson, the chair of the House’s fiscal-minded Ways and Means Committee, says his goal is simplicity but that the changes he has in mind are so massive that they could take multiple sessions.
Indiana’s local units of governments increasingly seek reviews that could mean more funding.
Mayoral candidate Jefferson Shreve this week rolled out a proposal to freeze property taxes in Indianapolis for residents older than 65 and those seeing drastic increases in assessed home values.
Among those in Indiana seeking property tax increases are three districts in Hamilton County.
The comments from Indiana State Budget Director Zac Jackson came during a virtual panel discussion on the impacts an economic recession would have on state budgets.
The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.
The Republican-dominated Legislature has given the city a way to raise money for downtown’s post-pandemic revitalization, but there appears to be little chance that Democratic city leaders will pursue it before the November city election.
Built primarily on what is now agricultural land, the 1.9 million-square-foot project is expected to encompass 170 acres and consist of five buildings, ranging from 100,000 square feet to nearly 575,000 square feet.
House lawmakers resuscitated several provisions meant to help homeowners struggling with high tax bills—after Senators removed them earlier this month—in a finalized compromise bill.