14-04-2025
What's in Indiana Senate Bill 1? A look at the proposed law that could limit property taxes
During this year's session of the Indiana General Assembly, lawmakers have discussed Senate Bill 1, a bill that would, in part, limit property taxes for Hoosier homeowners.
It's been overhauled throughout the session and now includes local government finance reforms. Here's a look at where the bill stands now.
The most recent version of the bill would allow Hoosier homeowners owners to claim up to a $300 tax credit. The tax credit would be worth 10% of a Hoosier homeowner's property tax bill, up to $300, meaning Hoosiers that see property tax bills of $3,000 or more would receive the full $300 discount.
The current version of Senate Bill 1 also limits how much local governments can raise their property taxes, allows most cities and towns to establish their own local income tax rates and requires school districts to share tax dollars with certain charter schools.
Story continues below gallery.
Sen. Travis Holdman, R-Markle, is the lead author.
The House passed the bill April 10 on a vote of 65-29.
Once the Senate officially agrees with the House's changes, the bill will head to Indiana Gov. Mike Braun's desk. The Senate is scheduled to vote as early as Monday afternoon.
SB 1 Indiana: Mike Braun and House GOP reach agreement on property tax relief for Hoosiers
You can read the full text of Senate Bill 1 at To follow its progress, visit the individual page for the bill and scroll down to "Latest Bill Actions."
IndyStar is tracking the prominent bills that are moving through the legislative process and that would impact a wide variety of Hoosiers. Follow our weekly guide to see what major bills have advanced.
This article originally appeared on Indianapolis Star: Read the full text of Indiana SB 1 and see where it stands
