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[s42] Sen. Leising: Bill Preventing Nearly $60 Million Tax Increase Passes Senate
Start Date: 1/29/2013Start Time: 12:00 AM
End Date: 1/29/2013End Time: 11:59 PM
Entry Description

STATEHOUSE (Jan. 29, 2013) — The full Senate today approved State Sen. Jean Leising’s (R-Oldenburg) legislation to prevent an estimated $57 million property tax increase on Indiana farmers. Senate Bill 319 passed the Senate 48-0 and now moves to the House of Representatives for further consideration.

 

Leising said her bill would delay, for an additional year, the implementation of new 2012 soil productivity factors proposed by the Department of Local Government Finance (DLGF) and used to assess farmland property taxes — meaning the soil productivity factors used for the March 1, 2011, assessment date will be used again for the March 1, 2013, assessment date.

 

“This legislation is all about helping the 62,000 farmers and their families in our state and, in part, promoting agriculture, which is at the heart of Indiana’s economy,” Leising said. “The 2012 proposed soil productivity factors could cause a 15 to 45 percent increase in property tax payments for these residents, depending on which counties they call home. I’m afraid that could put some of our hard-working farmers out of business at a time when they may already be struggling because of last summer’s drought.”

 

SB 319 would also require the DLGF, with the Purdue University College of Agriculture, to submit a report on proposed soil productivity factors by Nov. 1, 2013, to the General Assembly for consideration.

 

For more information on SB 319, click here.

 

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Contact Information:
Name: Whitney Moorman
Phone: 317-232-7184
Email: wmoorman@iga.in.gov
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Entry Type:
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Entry Category:
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  • IN.gov Category:
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  • Agency Name
    Senate Republican Caucus

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