Key Votes
SJR 1 - Constitutional Property Tax Cap - Key Vote
Indiana Key Votes
Stages
- Feb. 25, 2009 Referred to Committee
- Feb. 9, 2009 Senate Joint Resolution Passed
- Jan. 7, 2009 Introduced
Family
Issues
Note
NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES MAJORITY APPROVAL IN EACH CHAMBER IN TWO SUCCESSIVE SESSIONS. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BECOME ENACTED.
Stage Details
Legislation-Joint Resolution - Referred to Committee (House) - Feb. 25, 2009
Legislation-Joint Resolution - Joint Resolution Passed (Senate) (34-16) - Feb. 9, 2009 (Key vote)
Title: Constitutional Property Tax Cap
Vote Smart's Synopsis:
Vote to pass a joint resolution that submits a constitutional amendment to the voters to reduce the allowable increases in property taxes that are first due and payable in 2012 and thereafter.
Highlights:
-Limits increases in tax liability on tangible property to a maximum of one percent of the gross assessed value (Sec. 2).
-Defines "tangible property" as property that is used as a principle place of residence by the owner, an individual buying the property under a contract, or an individual who has beneficial interest in the owner (Sec. 2).
-Limits increases in tax liability on other tangible property being used for residential purposes to a maximum of 2 percent of the gross assessed value (Sec. 2).
-Limits increases in tax liability on agricultural property to a maximum of 2 percent of the gross assessed value (Sec. 2).
-Limits increases in tax liability on other real property to a maximum of 3 percent of the gross assessed value (Sec. 2).
-Defines "other real property" as property that is neither classified as tangible property nor used for residential or agricultural purposes (Sec. 2).
-Limits increases in tax liability on personal property to a maximum of 3 percent of the gross assessed value (Sec. 2).
-Exempts property taxes imposed after being approved by the voters (Sec. 2).
-Excempts specific counties that the General Assembly determines in 2008 would lose at least 20 percent of the aggregate property tax revenue as a result of the new cap that would otherwise be collected so that those counties can pay for debt services or make lease payments for bonds or leases entered into before July 1, 2008. This provision expires on December 31, 2019 (Sec. 2).
Legislation-Joint Resolution - Introduced (Senate) - Jan. 7, 2009
Title: Constitutional Property Tax Cap
Sponsors
- William A. 'Bill' Crawford (IN - D) (Out Of Office)
- Howard A. 'Luke' Kenley (IN - R)
- Dennis K. Kruse (IN - R)
- Patricia L. Miller (IN - R)
Co-sponsors
- Jeffrey K. 'Jeff' Espich (IN - R) (Out Of Office)
- Brandt Hershman (IN - R)
- Frank Mrvan Jr. (IN - D)
