Winners and losers to be sorted out in property tax revenue rollback
- The Indiana General Assembly passed Senate Bill 1 on Monday to decrease property taxes and prevent future increases.
- Real property tax relief served as a key promise, which aims for tax cuts for homeowners, farmers, and business owners.
- This bill limits the tax amount that local agencies can collect, and it introduces new deductions for some homeowners.
- On April 15, 2025, Governor Braun stated Hoosiers will get close to $1.5 billion in tax relief, with $1.2 billion homeowner savings.
- After Governor Braun signed Senate Bill 1 into law, Hoosiers may save $1.3 billion, but local income tax powers could raise income taxes.
36 Articles
36 Articles
State Rundown 4/16: No Vacation from Spring Tax Breaks as Bills Advance
While students and families are enjoying spring break vacations, legislative sessions are still in full swing. And some are poised for a spring tax break season as proposals advance with major implications for the sustainability of state budgets. In Indiana, Gov. Mike Braun signed a major property tax cut bill into law that will result in $1.5 billion in lost local revenue over three years. The Kansas legislature overturned Gov. Laura Kelly’s …
Coverage Details
Bias Distribution
- 57% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage