Republicans Join to Support Plan
for HB 1001, SJR 1
Senators, Representatives Invite Support for Cuts, Caps
STATEHOUSE (March 6, 2008) — Senate and House Republicans joined together today to declare their agreement for a plan that gives Hoosiers immediate property tax relief and permanent property tax reform.
The agreement, announced at a joint gathering of the two General Assembly Republican caucuses, gives taxpayers statewide an immediate 30-percent cut in their homestead property taxes, and it phases in circuit-breakers over the next two years. It also endorses the permanent constitutional caps called for in Senate Joint Resolution 1.
“I am pleased to join with our House Republican colleagues in embracing a plan that is good for Hoosier homeowners and address the needs of schools and local governments,” said Senate President Pro Tem David Long (R-Fort Wayne). “I invite our House Democrat colleagues and Gov. Mitch Daniels to join with us and make House Bill 1001 the crisis-ending piece of legislation it can be. I also invite them to help start Senate Joint Resolution 1 on its historic journey to becoming part of the Indiana Constitution.”
House Bill 1001 began as Gov. Daniels’ property tax reform plan.
“At the beginning of this session, each of the four caucuses had goals in mind for resolving the current property tax crisis,” said House Republican Leader Brian C. Bosma (R-Indianapolis). “This joint proposal meets the House Republican goal of substantially cutting property taxes now and capping them forever while empowering voters to control future spending. Immediate relief and permanent reform is what we had hoped for and what this proposal delivers.”
For the 5 main points of the plan, click here
Listen to Rep. Espich talk about the agreement on HB 1001