IndianaSB 540First Regular Session 124th General Assembly (2025)Senate

Local fiscal matters.

Sponsored By: Brian Buchanan (Republican)

Failed

Summary

Raises the acquisition cost threshold for purposes of the personal property tax exemption from $80,000 to $250,000. Limits the ability to seek an excess levy appeal to those units that have experienced a year over year population increase of 5% or more. Caps the allowable increase in the amount of property taxes first due and payable on a homestead in 2026, 2027, and 2028. Provides, beginning in 2027, that the office of the county assessor is an appointive office rather than an elective office. Specifies that the county executive shall appoint an individual to the office of the county assessor. Includes provisions to manage the conversion of the office of the county assessor to an appointive office upon the abolition of the office as an elective office.

tax and fiscal policy

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Brian Buchanan

    Republican • Senate

Cosponsors

  • Linda Rogers

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. First reading: referred to Committee on Tax and Fiscal Policy

    1/16/2025Senate
  2. Authored by Senators Buchanan and Rogers

    1/16/2025Senate

Bill Text

  • Introduced Senate Bill (S)

Related Bills

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