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IN SJR0003
Joint Resolution
AI Summary
- Amends Article 10, Section 1 of the Indiana Constitution to authorize the General Assembly to allow counties, cities, and towns to reduce the 1% homestead property tax cap within their taxing jurisdictions below the constitutional limit
- Current constitutional caps remain unchanged: 1% for homesteads, 2% for other residential property and agricultural land, and 3% for other real and personal property
- Eliminates obsolete provisions related to property tax limits that applied to "eligible counties" and debt service exemptions that expired December 31, 2019
- Requires approval by two consecutive General Assemblies and ratification by a majority of Indiana voters to take effect
- If ratified, amendments would first apply to the assessment date in the year immediately following voter approval
Legislative Description
Constitutional amendment on circuit breaker credit.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
12/8/2025
Committee Referrals
Tax and Fiscal Policy12/8/2025
Full Bill Text
No bill text available