[R65]Tax relief for farmers passes both house (2/19/2013)

Tuesday, February 19, 2013

Start Date: 2/19/2013 Start Time: 10:00 AM
End Date: 2/19/2013 End Time: 10:00 AM

STATEHOUSE — Senate Bill (SB) 319, sponsored by State Representative Don Lehe (R-Brookston) and cosponsored by State Representative Eric Koch (R-Bedford), passed the Indiana House of Representatives on Monday with a unanimous vote. SB 319 is the first piece of legislation to pass both houses in the 2013 legislative session.

SB 319 addresses the assessment of farmland for property tax purposes. The Department of Local Government Finance had produced a list of changes last year that equals an immediate 20 percent increase in property taxes on farmland. Taxes on farmland the last few years have increased dramatically as the newly enacted controls have held other classes of property static or reduced. By fast tracking the bill, local assessors can implement the new statute before spring documents are mailed out to property owners.

“Over the past six years, agriculture land has seen the highest increase in property tax, and the recent drought has done little good for Hoosier farmers,” said Rep. Koch. “SB 319 will give farmers some much needed relief. The bill will change tax assessments and establish a study committee to review agriculture tax assessments.”

In SB 319, the current soil productivity factors, used for the March 2011 assessment of agricultural land value, would remain in place for property taxes payable in 2014. The new soil productivity factors could not be used until 2015. The bill also establishes an interim study committee to study agriculture property tax issues.

SB 319 now heads to the governor’s desk to be signed into law.

To stay up-to-date on this bill and any other piece of legislation in the General Assembly, visit www.in.gov/legislative.

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Koch NR - SB 319.doc