SB217 • 2026

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Senator James Buck
Last action: 2026-01-08
Official status: Introduced Senate Bill (S)
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on how the circuit breaker credit will be implemented or if there are any exceptions to the 4% limit.

Property Tax Relief for Homeowners

This bill limits how much a homeowner's property taxes can go up each year.

What This Bill Does

Limits the yearly increase in property tax for homes used as primary residences to no more than 4%.

Who It Names or Affects

Homeowners who use their home as their main residence.

Terms To Know

Circuit Breaker Credit: A type of tax relief that helps people with high property taxes by giving them money back or reducing what they owe.

Limits and Unknowns

The bill does not specify how the circuit breaker credit will be calculated.
It is unclear if there are any exceptions to the 4% limit on yearly increases in property tax liability.

Bill History

2026-01-08 Senate
Authored by Senators Buck, Niemeyer
2026-01-08 Senate
First reading: referred to Committee on Tax and Fiscal Policy

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Circuit breaker credit for homesteads.

Current Bill Text

Read the full stored bill text

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Circuit breaker credit for homesteads.

Limits the year over year increase in property tax liability for homesteads to not more than 4%.