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Whitestown consultant outlines likely local impacts as Senate Bill 1 advances
Summary
Town consultant Mark Schublak told the Whitestown Town Council that Senate Bill 1 — a sweeping property tax reform bill — recently adopted amendment 36 and will change how local property and TIF revenues are calculated, potentially reducing revenues for fast-growing communities and prompting local officials to consider other revenue options.
Mark Schublak, an attorney with Taft Law, briefed the Whitestown Town Council on state legislation the firm is tracking, with a focus on Senate Bill 1, a property tax reform package that he said had adopted “amendment 36” earlier that day.
Schublak said amendment 36 restores a 30% floor for business personal property reductions after an earlier draft would have removed all business personal property tax. “On average, about two thirds of taxpayers will realize somewhere between $100 and $300 tax relief annually,” he said, adding that communities vary and Whitestown will need a tailored assessment. He also warned the…
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