Learn More About New State Laws Now In Effect
by State Representative Wendy McNamara
AUGUST 5, 2023
From providing much-needed tax relief to prioritizing students, I supported new state laws during the 2023 legislative session that are now in effect.Â
Most legislation passed during the recent session took effect at the beginning of the state’s new fiscal year on July 1. This includes the state’s next budget, which is expected to save taxpayers an estimated $430 million over the next two years via tax relief. Thanks to the acceleration of individual state income tax cuts, hardworking Hoosiers will have one of the lowest rates in the nation by 2027.
Property tax dollars are collected and spent locally, and help pay for schools, police and fire protection, and other local government services. To help counter the rise in local property tax bills, the state took actions to provide about $100 million in property tax relief for homeowners beginning next year. Hoosiers can expect a temporary increase to the supplemental homestead tax deduction and additional limits on property tax levy growth.
Increasing High School Relevancy
To boost the number of career-ready students, I co-authored a new law so those in grades 10-12 can soon use Career Scholarship Accounts to pay for career training or industry-recognized certification while in high school. Additionally, the state will review graduation requirements to better accommodate work-based learning experiences. Public high schools will host annual career fairs to encourage connections between students and employers.
As your state representative, I’m committed to delivering results and working hard on your behalf. To learn more about new laws now in effect, click here.