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SB 1 allows higher rates for local income tax, gives cities power to tax only their own residents

Summary by The B Square
SB 1 panel discussion held at the Bloomington Convention Center on April 23, 2025.At a panel discussion hosted by the city of Bloomington on Wednesday, local leaders gave an initial response to SB 1, a local tax bill that has now been signed into law by Indiana governor Mike Braun. The event was recorded by CATS. The bill covers property taxes as well as local income tax (LIT). SB 1 reduces property taxes, but gives local units a little bit more…
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The B Square broke the news in Bloomington, United States on Friday, April 25, 2025.
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