Personal property tax cut heads to full House

Back to TopCommentsE-mailPrintBookmark and Share

The Indiana House’s version of a bill to cut business personal property taxes statewide passed the Ways and Means Committee on Thursday.

House Bill 1001, authored by Rep. Eric Turner, R-Cicero, would allow county income tax councils to exempt businesses from paying the business personal property tax on any new equipment they purchased. Businesses would not be required to file an application to be eligible for the exemption.

Gov. Mike Pence asked members of the House and Senate during his State of the State address last week to pass legislation that would phase out the business personal property tax.

The Senate introduced its version Tuesday.

Senate Bill 1 would reduce the corporate income tax rate from 6.5 percent to 4.9 percent by 2019, and eliminate the personal property taxes for businesses owning $25,000 or less in personal property.

The bill passed the Senate Tax and Fiscal Policy Committee, 7-2.

Chris Atkins, director of the Office of Management and Budget, said Pence supports the Senate’s bill.

Two amendments were proposed for HB 1001, but neither passed.

Rep. Greg Porter, D-Indianapolis, proposed an amendment to create a commission to analyze the potential effects of the bill before passing it.

“It will create jobs, but how many jobs? It creates better wages, well what type of wages?” Porter said. “And so what this amendment does is basically actually try to ensure that the specific job information will be obtained.”

The amendment was defeated 14-7.

Rep. Mike Karickhoff, R-Kokomo, proposed an amendment to offset the cost of revenue lost by eliminating the business personal property tax. His amendment would allow counties that institute the property tax exemption to use a levy freeze or property tax relief rate to replace a portion of the lost revenue.

Karickhoff said Howard County, which he represents, relies heavily on the business personal property tax rate for funds. If the county approved the tax exemption, Karickhoff said HB 1001 does not provide a way for the county to regenerate that money.

Committee Chairman Tim Brown, R-Crawfordsville, did not allow the committee to vote on Karickhoff’s amendment.

The committee heard testimony on the bill earlier this month.

The bill passed out of the committee 13-8 and now moves to the full House.


  • Shifting burden
    Another way to shift the burden of funding schools, libraries and public safety away from the state and onto cities and towns. Already there are school corporations who say they will have to stop bus service for students.
  • Encouragement
    A little encouragement to make more money now thats a novel idea.
  • Bankrupt Indiana
    State may have billions in it's coffers, but the local communities are about to go bankrupt.
  • Tax the poor
    Way to go Indiana. Reduce tax on the rich and tax the poor. SHAME

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. I still don't understand how the FBI had any right whatsoever to investigate this elderly collector. Before the Antiquities Act it was completely legal to buy, trade or collect Native American artifacts. I used to see arrow heads, axes, bowls, corn grinders at antique shops and flea markets for sale and I bought them myself. But that was in the late 60's and early 70's. And I now know that people used to steal items from sites and sell them. I understand that is illegal. But we used to find arrow heads and even a corn grinder in our back yard when I was a child. And I still have those items today in my small collection.

  2. I lived in California and they had many of the things noted in the proposed suggestions from the "Blue Ribbon Panel". California is near financial collapse now. Let's not turn the great state of Indiana into a third world dump like California.

  3. The temporary closure of BR Avenue will get a lot of attention. But, one thing reported by the IndyStar really stands out to me, and is extraordinarily depressing: “Police also have agreed to crack down on noise violations, traffic violations and public intoxication.” In other words, the police have generously agreed to do their jobs (temporarily, at least), instead of just standing around waiting for someone to call 911. When is someone in this department going to get off their fat arse (looking at you, Chief), get their minds out of 1975-era policing and into 2014, and have his department engage in pro-active work instead of sitting around waiting for someone to be shot? Why in the hell does it take 7 people getting shot in one night in one of the city’s biggest tourist destinations, to convince the police (reluctantly, it would appear) that they actually need to do their f’n jobs? When is the Chief going to realize that there’s a huge, direct, proven correlation between enforcing the law (yes, all laws, especially those affecting quality of life) and preventing larger crimes from occurring? Is it racial BS? Is that what this extraordinary reluctance is all about? Is the department and the city terrified that if they do their jobs, they might offend someone? Whom, exactly? Will the victims of violence, murder, assault, rape, robbery, and theft be offended? Will the citizens who have to tolerate their deteriorating quality of life be offended? Will the businesses who see their customers flee be offended? Or, is it simple ignorance (maybe the Chief hasn’t heard about NYC’s success in fighting crime - it’s only the biggest g*&#am city in the country, after all)? Either way, Chief, if you don’t want to do your job, then step down. Let someone who actually wants the job take it.

  4. I thought Indiana had all the funding it needed for everything. That's why the state lottery and casino gambling were allowed, as the new tax revenue would take care of everything the state wanted to do.The recommendations sound like they came from California. Better think about that. What is the financial condition of that state?

  5. I was a fan of WIBC in the morning, Steve was the only WIBC host that I listened too, he gave the news with so much flare that I enjoyed listening to him on my way to work. Katz is no Steve. Sadly, I will not be listening to WIBC anymore.