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| [r25] Tax relief for farmers signed into law |
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| Start Date: | 2/27/2013 | Start Time: | 8:00 AM |
| End Date: | 2/27/2013 | End Time: | 8:00 AM |
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Entry Description
Tax relief for farmers signed into law
STATEHOUSE — Legislation sponsored by State Representative Don Lehe (R-Brookston) assisting Hoosier farmers was signed into law today by Gov. Pence. This is the first piece of legislation to be signed in the 2013 legislative session.
Senate Enrolled Act (SEA) 319 was fast‐tracked through the House in order to prevent an estimated tax increase of $57 million for farmland across the state.
“Hoosier agriculture is an essential part of our economy,” said Rep. Lehe. “A recent study showed that agricultural land experienced the largest property tax increase of any type of land since 2007. This legislation provides some needed relief for farmers, preventing them from having to pay a significant tax increase that could severely damage the agriculture community.”
The soil productivity factors used for the March 2011 assessment of agricultural land will remain in place for property taxes payable in 2014, and the new soil productivity factors will not be used until 2015.
SEA 319 also requires the Department of Local Government Finance, with the Purdue College of Agriculture, to submit proposed soil productivity factors to be used going forward by Nov. 1, 2013 to the Commission on State Tax and Financing Policy.
SEA 319 will go into effect on March 1, 2013.
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State Rep. Don Lehe serves as Chairman of the Agriculture and Rural Development Committee. He also serves on the Environmental Affairs Committee and the Public Health Committee. Rep. Lehe represents portions of White, Cass, Carroll, Clinton and Tippecanoe Counties.
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Entry Category: Announcements |
IN.gov Category: About IndianaAgriculture & EnvironmentTaxes & Finance |
Agency Name House of Representatives Republican Caucus |
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