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| [r25] Tax relief for farmers passes both houses |
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| Start Date: | 2/19/2013 | Start Time: | 8:00 AM |
| End Date: | 2/19/2013 | End Time: | 8:00 AM |
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Entry Description
Tax relief for farmers passes both houses
STATEHOUSE — Senate Bill (SB) 319, sponsored by State Representative Don Lehe (R-Brookston) and cosponsored by more than 60 members of the House passed the Indiana House of Representatives on Monday with a unanimous vote. SB 319 is the first piece of legislation to pass both houses in the 2013 legislative session.
SB 319 addresses the assessment of farmland for property tax purposes. The Department of Local Government Finance had produced a list of changes last year that equals an immediate 20 percent increase in property taxes on farmland. Taxes on farmland the last few years have increased dramatically as the newly enacted controls have held other classes of property static or reduced. By fast tracking the bill, local assessors can implement the new statute before spring documents are mailed out to property owners.
“Property tax rates for farmland doubled in the past decade,” Rep. Lehe said. “Many Hoosiers think that last year’s drought is an issue of the past, but farmers are still feeling the financial pinch. We need to address this issue now to prevent additional burdens on Indiana’s renowned agriculture community.”
In SB 319, the current soil productivity factors, used for the March 2011 assessment of agricultural land value, would remain in place for property taxes payable in 2014. The new soil productivity factors could not be used until 2015. The bill also establishes an interim study committee to study agriculture property tax issues.
SB 319 now heads to the governor’s desk as the first bill from the General Assembly to be signed into law.
To stay up-to-date on this bill and any other piece of legislation in the General Assembly, visit www.in.gov/legislative. />
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State Rep. Don Lehe serves as Chairman of the Agriculture and Rural Development Committee. He also serves on the Environmental Affairs Committee and the Public Health Committee. Rep. Lehe represents portions of White, Cass, Carroll, Clinton and Tippecanoe Counties.
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Entry Category: Announcements |
IN.gov Category: About IndianaAgriculture & EnvironmentTaxes & Finance |
Agency Name House of Representatives Republican Caucus |
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