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IN SJR0014
Joint Resolution
AI Summary
- Proposes an amendment to Article 10, Section 1 of the Indiana Constitution to eliminate constitutional property tax caps currently in place
- Removes existing limits that cap property tax liability at 1% for principal residences, 2% for other residential property and agricultural land, and 3% for other real property and personal property
- Requires approval by two consecutive General Assemblies and ratification by a majority of Indiana voters voting on the question to become effective
- Amendment first applies to property taxes imposed for assessment dates in the year following voter ratification by the second General Assembly
- Introduced January 12, 2015 and referred to the Committee on Appropriations
Legislative Description
Eliminates the constitutional property tax caps.
Full Bill Text
No bill text available