Statewide tax cap ballot measure in Indiana qualified
INDIANAPOLIS, Indiana: The Indiana State Senate, on a 35-15 vote, certified a statewide ballot measure for the November 2, 2010 ballot that, if enacted by the state's voters, will limit property tax increases in Indiana
Under the joint resolution approved by the Indiana State Senate, property tax increases would be limited to one percent of the assessed value of residential property, while farms are limited to two percent, and businesses to three percent if approved by Indiana voters on November 2nd.
Groups that supported the resolution are the Indiana Association of Realtors and the Indiana Manufacturers Association. The Indiana Association of Cities and Towns, Indiana Chamber of Commerce and Indiana Farm Bureau have opposed the resolution.
The Indiana Constitution is one of the most difficult in the country to amend, requiring that a proposed amendment be approved by two successive sessions of the Indiana State Legislature with an intervening election. The tax cap amendment was first passed through the 2008 session of the legislature.
- Indiana 2010 ballot measures
- Potential 2010 ballot measures
- Amending the Indiana Constitution
- Campaign finance requirements for Indiana ballot measures