Property Tax Plan

Mary Beth Schneider, writing for the Indianapolis Star, has an article entitled “Business tax load could rise in new bill”.

It’s a Democratic property tax relief plan that would, in turn, give local governments the power to impose higher personal income taxes and to impose corporate income taxes. There is initially a sense of bipartisanship with respect to the bill. Both Sen. Kenley and Gov. Daniels think there are positive aspects to the bill, not least of which is the political courage to provide for a revenue mechanism to replace lost property taxes. But, that’s outside of the House. House Republicans and the Indiana Chamber of Commerce are apparently opposed to the bill.