IN SB0290 | 2025 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-02-13 - Second reading: ordered engrossed
Text: Latest bill text (Comm Sub) [PDF]

Summary

Local taxes in certain municipalities. Requires the department of local government finance to increase the maximum permissible property tax levy for certain qualifying municipalities for property taxes first due and payable in 2025 to include all debt service levies of the qualifying municipality for property taxes first due and payable in 2025. Specifies that the adjustment is a one time and permanent increase. Changes the local income tax trust account threshold percentage of a county that contains a qualifying municipality, which is used for purposes of determining whether the county shall receive a supplemental distribution. Modifies the certified share allocation determination for a qualifying municipality. Prohibits the use of funds from the state general fund to make up certain local income tax related shortfalls.

Tracking Information

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Title

Local taxes in certain municipalities.

Sponsors


History

DateChamberAction
2025-02-13SenateSecond reading: ordered engrossed
2025-02-11SenateSenator Randolph added as coauthor
2025-02-11SenateCommittee report: amend do pass, adopted
2025-01-13SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2025-01-13SenateAuthored by Senators Walker K and Holdman

Indiana State Sources

TypeSource
Summaryhttps://iga.in.gov/legislative/2025/bills/senate/290/details
Texthttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/SB0290.01.INTR.pdf
Texthttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/SB0290.02.COMS.pdf
Amendmenthttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/committee-amendments/amendments/SB0290.01.INTR.AMS09.pdf
Amendmenthttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/committee-amendments/amendments/SB0290.01.INTR.AMS06.pdf
Amendmenthttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/committee-amendments/amendments/SB0290.01.INTR.AMS01.pdf
Supplementhttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/fiscal-notes/SB0290.01.INTR.FN001.pdf
Supplementhttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/votesheets/SB0290.01.INTR.05.pdf
Supplementhttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/committee-reports/SB0290.01.INTR.CRS001.pdf
Supplementhttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/fiscal-notes/SB0290.02.COMS.FN001.pdf
Supplementhttps://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0290/fiscal-notes/SB0290.02.COMS.FN002.pdf

Bill Comments

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