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FOR IMMEDIATE RELEASE
Steele: Eliminate Property Taxes on Homes
Committee members ‘intrigued, interested’ in new proposal;
Legislators want more details before panel vote will be taken.
(STATEHOUSE) –Republican state senators say they are “intrigued and interested” by a new plan unveiled at the Statehouse today that would completely and permanently eliminate property taxes on owner-occupied homes statewide.
Sen. Brent Waltz (R-Greenwood) and Mike Young (R-Indianapolis) offered their plan as an amendment to Senate Joint Resolution 8 under consideration by the Senate Rules and Legislative Procedure Committee.
Waltz and Young asked fellow lawmakers to choose between sales or income taxes as “fairer, more modern ways” to fund schools and local government.
Expanding sales taxes on certain services was among several funding options the two lawmakers offered to replace the $2.95 billion needed to eliminate property taxes for homeowners.
“In 1816 real estate was the measure of one’s wealth. It makes no sense in today’s world,” Steele said. “In Indiana you are never out of debt to the government. Now is the time. I’ve been waiting since 1994 for this day.”
Originally, SJR 8 would have attempted doing away with all property taxes including those on income-producing rental and business properties. Critics had been skeptical of the resolution as originally written, because of massive replacement funding needed to continue operating schools, police and fire services, libraries and other local government units.
Sen. David Long (R-Ft. Wayne), who chairs the committee, said its members asked for additional time to study and discuss the resolution and amendment. Long said he expects the committee to reconvene in the coming days, but wants to “make certain the plan is workable and acceptable before asking colleagues to vote on the proposal.”
SJR 8 is being offered as an amendment to the Indiana Constitution, requiring passage by two separately elected sessions of the Indiana General Assembly and approval by voters.
Steele serves Senate District 44, which includes Lawrence and Jackson counties as well as portions on Monroe, Orange and Washington counties.
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