Senate concurs with major property-tax package after hours of debate; vote 27-22

INDIANAPOLIS — After extended floor debate, the Indiana Senate voted 27-22 on April 14 to concur with the House on Senate Bill 1, a sweeping property-tax and local revenue reform package that sponsors said will reduce many homeowners’ tax bills while critics warned the measure shifts costs to local governments and could harm public services.

Senate sponsor Senator Ryan Holman told colleagues that "two thirds of homeowners in 2026 will receive a bill less than they receive in 2025," and that the bill provides layered relief including a new 10% "final" property tax credit (capped at $300) applied after circuit-breaker credits. Holman summarized several major elements of the bill on the floor: - A phased two‑thirds reduction (by assessed value) for homestead property beginning in pay 2026 and completing by pay 2031 with a schedule of stepped deductions. -…