FOR IMMEDIATE RELEASE
Tax Commission to look at rental property
Sen. Luke Kenley says focus on solutions will begin after Monday’s meeting
(STATEHOUSE) – Monday’s 1 p.m. meeting of Sen. Luke Kenley’s Commission on State Tax and Financing Policy will be the last which is information-based.
Among agenda topics Monday are:
- a look at the assessment of rental property;
- real property sales disclosure statements
- annexation issues and distribution of Local Option Income Tax Revenue; and
- a discussion on whether state government can afford to assume all costs relating to school general funds and child welfare needs. Many of local government cries about “unfunded mandates” come from these two areas.
The meeting will be held in Room 404 of the Statehouse.
After many hours of testimony and exhibits, Kenley says the Commission is ready to focus on solutions to Indiana’s ongoing property tax problems.
“I think the commission has taken an extensive amount of public testimony to date and we hope to begin focusing on solutions after Monday’s meeting,” said Kenley (R-Noblesville), who chairs the commission.
This will be the sixth meeting of the commission, which began examining Indiana’s property tax system in July after residents across the state were hit with higher-than-expected bills on their homes. The meetings have already examined a wide range of topics – from rebate checks and credits to Indiana’s assessment system and whether a repeal of property taxes is feasible.
While the committee gathers information at each meeting, it is also encouraging citizens to send information and suggestions via e-mail at its new web site, www.propertytaxreform.in.gov.
Citizens across the state may provide the commission e-testimony from the convenience of their home or workplace. In addition to allowing electronic comments and suggestions of up to 500 words, the commission website will offer valuable information to taxpayers.
Kenley said his website will also offer “a special tax calculator” allowing citizens to equate a shift from taxes on property to taxes on income or sales and to see the impact each decision might make.
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