E-mail from Indiana House Republicans:
Constitutional property tax caps pass Senate
Decision now heads to Hoosier voters
This week, House Joint Resolution 1 (HJR1), the legislation to permanently cap property taxes, cleared its final legislative hurdle by passing the Senate by a vote of 35-15. Now that the constitutional amendment has passed two separately elected bodies of the Indiana General Assembly, Hoosier voters will have the final say on whether to add permanent, constitutional property taxpayer protection to the state constitution.
Earlier this month, HJR1 passed the House by a vote of 75-23.
In response to the property tax crisis that homeowners experienced in 2007, the Indiana General Assembly passed legislation in 2008 that capped homeowner’s property taxes at one percent of assessed value, rental and agricultural property at two percent of assessed value and business property at three percent of assessed value. The bill passed with an 82-17 vote in the House and 41-6 vote in the Senate.
House Republicans pledged to add this reform to the Indiana State Constitution. In order for a new provision to be added to the state constitution, it must be passed by two separately elected General Assemblies as well as the public before it can be amended to the constitution. If the constitutional amendment to permanently cap property taxes passes both chambers of the Indiana General Assembly during the 2010 legislative session, Hoosiers will be able to vote on this issue in the November 2010 election.