HB 1478 - Property Tax Reduction - Indiana Key Vote
John Waterman voted Yea (Passage With Amendment) on this Legislation.
Timeline
- Executive Signed
- May 11, 2007
- House Conference Report Adopted
- April 29, 2007
- Senate Conference Report Adopted
- April 29, 2007
- House Nonconcurrence Vote Passed
- April 16, 2007
- Senate Bill Passed
- April 11, 2007
- House Bill Passed
- Feb. 26, 2007
- Introduced
- Jan. 23, 2007
Related Issues
Stage Details
Title: Property Tax Reduction
Signed by Governor Mitch Daniels, Jr.
Title: Property Tax Reduction
Vote Smart's Synopsis:
Vote to pass a bill that institutes several measures to reduce property taxes.
Highlights:
-Abolishes the local government tax control board by 2009 (Sec. 25). -Forbids property tax levy increases by civil taxing units until 2010 (Sec. 27). -Establishes the Property Tax Reduction Trust Fund, and provides for its funding through fees from race track slot machine licenses and wagering taxes (Sec. 37). -Provides that the Property Tax Reduction Trust Fund be used to cover the expenses of raising the state homestead credit from 20 percent to 28 percent (Sec. 37). -Allows for county governments to increase local income tax rates (Sec. 69, 71, 87). -Declares the act an emergency, effective immediately (Sec. 193).
Title: Property Tax Reduction