The Governor’s proposal for property tax relief is moving forward in the State Senate, but not without controversy and revisions. The Senate Tax and Fiscal Policy Committee added a 93-page amendment that stripped an expanded homestead deduction and tax caps. This amendment provided most of the tax relief but caused local officials to raise concerns about revenue losses.
The amendment would reduce taxes on senior citizens, veterans, and new first-time home buyers.
Governor Braun’s press secretary, Griffen Reed, released a statement saying, “The Governor will carefully review the changes to his plan and looks forward to working with the House and Senate to strengthen the amended bill to include broad-based and immediate property tax cuts for Hoosier homeowners who have been hit the hardest by skyrocketing home value inflation.”
The give and take will continue on the Senate floor.
