Hoosiers will likely decide this fall whether to alter the state’s constitution to place caps on property taxes.
It’s barely been a week since the Indiana General Assembly reconvened, and already lawmakers are approaching passage of ground-breaking legislation.
A majority of the Indiana committee yesterday voted in favor of capping property taxes for homeowners at 1 percent and 3 percent for businesses.
The Indiana House passed a related measure. Once a final version is adopted by the Senate, it will move onto a fall referendum where electorate will get to make a decision whether the caps should be written into the state’s constitution.
Indiana Governor Mitch Daniels is nearly for the caps. Some state lawmakers say the caps will eternally negatively impact local government.
It’s barely been a week since the Indiana General Assembly reconvened, and already lawmakers are approaching passage of ground-breaking legislation.
A majority of the Indiana committee yesterday voted in favor of capping property taxes for homeowners at 1 percent and 3 percent for businesses.
The Indiana House passed a related measure. Once a final version is adopted by the Senate, it will move onto a fall referendum where electorate will get to make a decision whether the caps should be written into the state’s constitution.
Indiana Governor Mitch Daniels is nearly for the caps. Some state lawmakers say the caps will eternally negatively impact local government.
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