IndianaSB 9First Regular Session 124th General Assembly (2025)Senate

Maximum levy growth quotient.

Sponsored By: Scott Baldwin (Republican)

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Summary

Amends, beginning with property taxes first due and payable in 2027, the calculation to determine the maximum levy growth quotient (MLGQ) used in determining a civil taxing unit's maximum permissible ad valorem property tax levy and specifies that the MLGQ calculation is determined for the county and each civil taxing unit within the county. Provides, beginning with property taxes first due and payable in 2027, that the term "civil taxing unit" includes a school corporation. (Under current law, a school corporation: (1) is excluded from the definition of a "civil taxing unit"; and (2) has a separate MLGQ calculation.) Beginning with property taxes first due and payable in 2027, requires the budget agency to: (1) provide the MLGQ for each county to civil taxing units and the department of local government finance; and (2) calculate, using each county's MLGQ, the statewide minimum, statewide maximum, statewide median, and statewide average. Provides, beginning with property taxes first due and payable in 2027, for the calculation of the MLGQ for civil taxing units with territory in more than one county.

tax and fiscal policy

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Scott Baldwin

    Republican • Senate

Cosponsors

  • Travis Holdman

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Senator Holdman added as second author

    1/16/2025Senate
  2. Authored by Senator Baldwin

    1/14/2025Senate
  3. First reading: referred to Committee on Tax and Fiscal Policy

    1/14/2025Senate

Bill Text

  • Introduced Senate Bill (S)

Related Bills

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