Indiana 2025 Regular Session

Indiana Senate Bill SJR0023 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	SJ9614
2	2	Introduced Version
3	3	SENATE JOINT
4	4	RESOLUTION No. 23
5	5	_____
6	6	DIGEST OF INTRODUCED RESOL UTION
7	7	Citations Affected: Article 10 of the Constitution of the State of
8	8	Indiana.
9	9	Synopsis: Homestead exemption for persons age 65 and older.
10	10	Requires the general assembly to exempt the homestead of a person
11	11	who is at least 65 years of age from property taxation. This proposed
12	12	amendment has not been previously agreed to by a general assembly.
13	13	Effective: This proposed amendment must be agreed to by two
14	14	consecutive general assemblies and ratified by a majority of the state's
15	15	voters voting on the question to be effective.
16	16	Young M
17	17	January 13, 2025, read first time and referred to Committee on Tax and Fiscal Policy.
18	18	20252879
19	19	2025 SJ 23—SJ 9614/DI 125 Introduced
20	20	First Regular Session of the 124th General Assembly (2025)
21	21	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
22	22	Constitution) is being amended, the text of the existing provision will appear in this style type,
23	23	additions will appear in this style type, and deletions will appear in this style type.
24	24	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
25	25	provision adopted), the text of the new provision will appear in this style type. Also, the word
26	26	NEW will appear in that style type in the introductory clause of each SECTION that adds a
27	27	new provision to the Indiana Code or the Indiana Constitution.
28	28	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
29	29	between statutes enacted by the 2024 Regular Session of the General Assembly.
30	30	SENATE JOINT
31	31	RESOLUTION No. 23
32	32	A JOINT RESOLUTION proposing an amendment to Article 10
33	33	of the Constitution of the State of Indiana concerning taxation.
34	34	Be it resolved by the General Assembly of the State of Indiana:
35	35	1 SECTION 1. The following amendment to the Constitution of the
36	36	2 State of Indiana is proposed and agreed to by this, the One Hundred
37	37	3 Twenty-fourth General Assembly of the State of Indiana, and is
38	38	4 referred to the next General Assembly for reconsideration and
39	39	5 agreement.
40	40	6 SECTION 2. ARTICLE 10, SECTION 1 OF THE CONSTITUTION
41	41	7 OF THE STATE OF INDIANA IS AMENDED TO READ AS
42	42	8 FOLLOWS: Section 1. (a) Subject to this section, the General
43	43	9 Assembly shall provide, by law, for a uniform and equal rate of
44	44	10 property assessment and taxation and shall prescribe regulations to
45	45	11 secure a just valuation for taxation of all property, both real and
46	46	12 personal.
47	47	13 (b) A provision of this section permitting the General Assembly to
48	48	2025 SJ 23—SJ 9614/DI 125 2
49	49	1 exempt property from taxation also permits the General Assembly to
50	50	2 exercise its legislative power to enact property tax deductions and
51	51	3 credits for the property. The General Assembly may impose reasonable
52	52	4 filing requirements for an exemption, deduction, or credit.
53	53	5 (c) Subject to section 9 of this article, the General Assembly may
54	54	6 exempt from property taxation any property in any of the following
55	55	7 classes:
56	56	8 (1) Property being used for municipal, educational, literary,
57	57	9 scientific, religious, or charitable purposes.
58	58	10 (2) Tangible personal property other than property being held as
59	59	11 an investment.
60	60	12 (3) Intangible personal property.
61	61	13 (4) Tangible property, including curtilage, used as a principal
62	62	14 place of residence by an:
63	63	15 (A) owner of the property;
64	64	16 (B) individual who is buying the tangible property under a
65	65	17 contract; or
66	66	18 (C) individual who has a beneficial interest in the owner of the
67	67	19 tangible property.
68	68	20 (d) The General Assembly may exempt any motor vehicles, mobile
69	69	21 homes (not otherwise exempt under this section), airplanes, boats,
70	70	22 trailers, or similar property, provided that an excise tax in lieu of the
71	71	23 property tax is substituted therefor.
72	72	24 (e) This subsection applies to property taxes first due and payable
73	73	25 in 2012 and thereafter. The following definitions apply to subsection
74	74	26 (f):
75	75	27 (1) "Other residential property" means tangible property (other
76	76	28 than tangible property described in subsection (c)(4)) that is used
77	77	29 for residential purposes.
78	78	30 (2) "Agricultural land" means land devoted to agricultural use.
79	79	31 (3) "Other real property" means real property that is not tangible
80	80	32 property described in subsection (c)(4), is not other residential
81	81	33 property, and is not agricultural land.
82	82	34 (f) This subsection applies to property taxes first due and payable in
83	83	35 2012 and thereafter. The General Assembly shall, by law, limit a
84	84	36 taxpayer's property tax liability as follows:
85	85	37 (1) A taxpayer's property tax liability on tangible property
86	86	38 described in subsection (c)(4) may not exceed one percent (1%)
87	87	39 of the gross assessed value of the property that is the basis for the
88	88	40 determination of property taxes.
89	89	41 (2) A taxpayer's property tax liability on other residential property
90	90	42 may not exceed two percent (2%) of the gross assessed value of
91	91	2025 SJ 23—SJ 9614/DI 125 3
92	92	1 the property that is the basis for the determination of property
93	93	2 taxes.
94	94	3 (3) A taxpayer's property tax liability on agricultural land may not
95	95	4 exceed two percent (2%) of the gross assessed value of the land
96	96	5 that is the basis for the determination of property taxes.
97	97	6 (4) A taxpayer's property tax liability on other real property may
98	98	7 not exceed three percent (3%) of the gross assessed value of the
99	99	8 property that is the basis for the determination of property taxes.
100	100	9 (5) A taxpayer's property tax liability on personal property (other
101	101	10 than personal property that is tangible property described in
102	102	11 subsection (c)(4) or personal property that is other residential
103	103	12 property) within a particular taxing district may not exceed three
104	104	13 percent (3%) of the gross assessed value of the taxpayer's
105	105	14 personal property that is the basis for the determination of
106	106	15 property taxes within the taxing district.
107	107	16 (g) This subsection applies to property taxes first due and payable
108	108	17 in 2012 and thereafter. Property taxes imposed after being approved by
109	109	18 the voters in a referendum shall not be considered for purposes of
110	110	19 calculating the limits to property tax liability under subsection (f).
111	111	20 (h) As used in this subsection, "eligible county" means only a
112	112	21 county for which the General Assembly determines in 2008 that limits
113	113	22 to property tax liability as described in subsection (f) are expected to
114	114	23 reduce in 2010 the aggregate property tax revenue that would otherwise
115	115	24 be collected by all units of local government and school corporations
116	116	25 in the county by at least twenty percent (20%). The General Assembly
117	117	26 may, by law, provide that property taxes imposed in an eligible county
118	118	27 to pay debt service or make lease payments for bonds or leases issued
119	119	28 or entered into before July 1, 2008, shall not be considered for purposes
120	120	29 of calculating the limits to property tax liability under subsection (f).
121	121	30 Such a law may not apply after December 31, 2019.
122	122	31 SECTION 3. ARTICLE 10 OF THE CONSTITUTION OF THE
123	123	32 STATE OF INDIANA IS AMENDED BY ADDING A NEW
124	124	33 SECTION TO READ AS FOLLOWS: Section 9. The General
125	125	34 Assembly shall exempt from property taxation any tangible
126	126	35 property, including curtilage, used as a principal place of residence
127	127	36 by an:
128	128	37 (1) owner of the property who is at least sixty-five (65) years
129	129	38 of age;
130	130	39 (2) individual who is at least sixty-five (65) years of age and is
131	131	40 buying the tangible property under a contract; or
132	132	41 (3) individual who is at least sixty-five (65) years of age and
133	133	42 has a beneficial interest in the owner of the tangible property.
134	134	2025 SJ 23—SJ 9614/DI 125