Budget & Taxes (Property Tax)

in committee · Indiana · Senate Jan 8, 2026

SB 217: Circuit breaker credit for homesteads.

SB 217 would cap annual property tax increases for homeowners' primary residences at 4%. It directly affects residents living in their main home by preventing their tax bills from rising more than 4% from one year to the next. The key provision sets a maximum 4% yearly increase on the actual tax amount, regardless of property value changes. This policy change ensures predictable annual tax costs for eligible homeowners without requiring new tax payments or credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps property tax increases at 4% for primary residences, providing tax relief for homeowners and promoting fiscal predictability in taxation.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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in committee · Indiana · House Jan 5, 2026

HB 1244: Tax increment financing.

Provides that 10% of the excess property tax proceeds collected in an allocation area must be allocated among school corporations, libraries, and taxing units that provide police services, fire protection, emergency medical service, or public safety services in the allocation area.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates 10% of excess property tax proceeds to schools, libraries, and public safety services, directly funding essential programs through tax revenue distribution.90% confidence ✓ Criminal JusticeSupports Criminal JusticeAllocates 10% of TIF funds to police/fire/EMS services, directly funding law enforcement and public safety within criminal justice framework.90% confidence ✓ EducationSupports EducationBill allocates 10% of TIF proceeds directly to school corporations, providing dedicated funding for K-12 education infrastructure and operations per explicit allocation requirement.90% confidence ✓ HealthcareSupports HealthcareBill allocates 10% of tax proceeds to EMS providers, explicitly listed under HEALTH in subjects, directly funding emergency medical services.85% confidence

Sub-Topics Property Tax Tax Incentives Policing Tags Public Safety

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in committee · Indiana · House Jan 6, 2026

HB 1337: Property and local income tax.

Provides that property taxes imposed to pay debt service: (1) on certain bonds; and (2) to make lease payments on certain leases; are not considered for purposes of calculating a person's supplemental tax credit. Provides that the expenditure tax rate for a county or municipality expires on December 31, 2029, and on December 31 of every fourth calendar year thereafter (instead of every calendar year under current law).

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes property taxes for debt service from tax credit calculations, increasing supplemental tax credits for individuals, aligning with tax relief indicators.90% confidence

Sub-Topics Debt & Bonds Property Tax Tax Incentives

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in committee · Indiana · House Jan 5, 2026

HB 1156: Veterans property tax deduction.

Eliminates the assessed value cap that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates assessed value cap on veterans' property tax deduction, providing tax relief for qualifying veterans (disabled or 62+ with 10% disability), aligning with tax relief indicators.90% confidence ✓ VeteransSupports VeteransEliminates assessed value cap for veterans' property tax deduction, expanding benefit for disabled or elderly veterans with specific disability criteria.95% confidence

Sub-Topics Property Tax Veteran Benefits Veteran Education Veteran Healthcare

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in committee · Indiana · House Jan 5, 2026

HB 1164: Tax increment financing districts.

Provides that a redevelopment commission may use money from certain funds for the purpose of retiring debt service earlier. Provides that a redevelopment commission making accelerated debt payments may retain the assessed value associated with the original debt service schedule. Requires a redevelopment commission to include an invitation to overlapping taxing units to participate in the hearing regarding a proposed redevelopment project. Allows a redevelopment commission to expend money for the maintenance of an infrastructure project within a tax increment financing district if: (1) the infrastructure project was originally funded or supported by tax increment financing funds; and (2) the use of the funds is limited to the remaining life of the project. Allows a redevelopment commission to share tax increment finance district revenue with certain local economic development organizations under certain conditions.

Topics ✓ Budget & TaxesSupports Budget & TaxesPromotes fiscal responsibility by enabling accelerated debt retirement and retaining assessed value in TIF districts, optimizing budget management for redevelopment projects.85% confidence

Sub-Topics Debt & Bonds Property Tax Tax Incentives

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in committee · Indiana · House Jan 5, 2026

HB 1146: Homestead property tax freeze.

Freezes an individual's property tax liability attributable to the individual's homestead based on the date on which the individual acquired an ownership interest in the homestead.

Topics ✓ Budget & TaxesSupports Budget & TaxesFreezes property taxes for homestead owners, providing direct tax relief to homeowners (middle/lower income), aligning with tax relief indicators in the topic description.95% confidence

Sub-Topics Property Tax Sales Tax

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in committee · Indiana · Senate Dec 8, 2025

SJR 3: Constitutional amendment on circuit breaker credit.

Amends the Indiana Constitution to permit the general assembly to enact provisions to allow units of local government to reduce the homestead property tax cap that is applied to the unit of local government's property tax levy within its taxing jurisdiction. Eliminates obsolete provisions. This proposed amendment has not been previously agreed to by a general assembly.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends constitution to allow local governments to reduce homestead property tax cap, providing potential tax relief for homeowners per tax reduction indicators.95% confidence

Sub-Topics Property Tax

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in committee · Indiana · House Jan 15, 2026

HB 1023: Deduction for surviving spouses of WW I veterans.

Restores the property tax deduction available to a surviving spouse of a World War I veteran that was limited to property taxes imposed for an assessment date before January 1, 2025, by SEA 1-2025 (P.L. 68-2025).

Topics ✓ Budget & TaxesSupports Budget & TaxesRestores property tax deduction for veterans' spouses, providing targeted tax relief. Directly addresses tax policy within Budget & Taxes topic.95% confidence ✓ VeteransSupports VeteransRestores property tax deduction for surviving spouses of WWI veterans, directly expanding financial benefits for veterans' families.95% confidence

Sub-Topics Property Tax Memorials & Recognition

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