IndianaSB 391First Regular Session 124th General Assembly (2025)Senate

Political subdivision budgets.

Sponsored By: James Buck (Republican)

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Summary

Provides that, notwithstanding any growth in a political subdivision's assessed value in the previous year, a political subdivision's ad valorem property tax levy shall not exceed the ad valorem property tax levy for its last preceding annual budget, unless the fiscal body of the political subdivision adopts an affirmative tax rate and tax levy increase by ordinance following a separate public hearing. Requires a resulting decrease in tax rates for each political subdivision in which there was an increase in the political subdivision's assessed value in the previous year, subject to any affirmative tax rate and tax levy increase adopted by the fiscal body of the political subdivision.

tax and fiscal policy

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • James Buck

    Republican • Senate

Cosponsors

  • Michael Young

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Authored by Senators Buck and Young M

    1/13/2025Senate
  2. First reading: referred to Committee on Tax and Fiscal Policy

    1/13/2025Senate

Bill Text

  • Introduced Senate Bill (S)

Related Bills

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