Indiana · 2025 Regular Session · Bill
SB 340: Maximum increase of homestead property tax bill.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 340 is a bill introduced in the Indiana Senate on January 13, 2025. According to its official title, it concerns: Maximum increase of homestead property tax bill. Primary sponsor: Mike Young (Republican). Most recent recorded action (January 13, 2025): First reading: referred to Committee on Tax and Fiscal Policy.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Caps the year over year increase of property tax liability on a homestead at 2%.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mike Young | Primary sponsor | Republican | Senate | 35 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- First reading: referred to Committee on Tax and Fiscal Policy
- Authored by Senator Young M