State sells $300 million in Tax Anticipation Notes
The proceeds will help more than 120 local government units pay their bills while they wait for their
property tax receipts.
The proceeds will help more than 120 local government units pay their bills while they wait for their
property tax receipts.
The Indiana Senate has given final approval to a proposal that would allow voters to decide whether property tax limits belong
in the state constitution.
The Indiana Senate could give final approval Tuesday to a proposal that would allow voters to decide whether property tax
limits belong in the state constitution.
A final vote on the legislation is expected Monday. If the House and Senate pass the same resolution this session, voters
would decide in November whether to put the tax limits into the constitution.
The House could also advance a bill Thursday that would tighten lobbying and ethics rules in the General Assembly.
Indiana Democratic House Speaker Patrick Bauer isn’t predicting the fate of legislation that could lead to caps on property
tax bills being amended into the constitution.
Property-tax caps, unemployment insurance, ethics top list of issues awaiting General Assembly.
Indianapolis property tax bills, paid in two installments due in May and November, should be sent without delay for the first year since
2006.
High demand for ethanol in 2007 and 2008 sent commodity prices to a record level, which could make taxes spike.
Lawmakers are likely to pass property tax legislation, which would send it to a voter referendum in November and potentially
into the state constitution.
About the only certainty for the upcoming legislative session is that it will be over in March.
Some Indiana mayors, desperate for revenue, think it’s time for "payments-in-lieu-of-taxes."
I have always found Morton Marcus’ columns both entertaining and informative. I read the Dec. 7 column, in which
Marcus seems to insinuate that property taxes were acceptable as they were and do not require modifications. As a resident
of Marion County, I could not disagree more.
Bills aimed at adding caps on property tax bills to the state constitution and delaying increases on unemployment insurance
taxes are now before the full Republican-controlled Senate, weeks before the entire Legislature convenes on Jan. 5.
If approved by the full Legislature during the session that gets under way in earnest in January, voters would decide whether
the caps should be constitutional.
The Indiana Senate Tax and Fiscal Policy Committee plans to vote Tuesday on bills to cap property taxes and delay unemployment
insurance tax increases.
A Purdue University farm expert says Indiana’s farmers could see a big increase in property taxes over the next few years
if state lawmakers don’t retool the state’s farmland taxation formulas.
A state Senate committee got a jump-start Tuesday on discussing bills on unemployment taxes and property tax caps and plans
to vote on them next week, about a month before the full Legislature convenes.
By issuing “voluntary environmental improvement bonds,”, local and state governments could
create special taxing districts that finance homeowner purchases of everything from solar panels to rain
gardens.
Nearly every Indiana county has failed to send property tax bills on time this year, forcing many local governments and schools
to borrow millions and providing further proof that Indiana’s tax system is still a work in progress more than a decade after
a court ordered a massive overhaul.