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State Sen. Daryl Schmitt briefs council on property-tax changes in Senate Enrolled Act 1
Summary
State Senator Daryl Schmitt explained Senate Enrolled Act 1 to the Dubois County Council, outlining a multi-year plan to simplify property taxes, shift deductions to credits in 2026, eliminate the 30% floor for business personal property and raise the threshold to $2 million in 2027, with goals extending to 2031.
State Senator Daryl Schmitt addressed the Dubois County Council on June 23 to clarify components of Senate Enrolled Act 1, a property-tax law passed by the Indiana Legislature.
Schmitt told the council he addressed constituent confusion about the law and presented projected revenues for 2025–2028. He said the law’s goals include simplifying property-tax calculations, increasing transparency and moving more decision-making to the local level by 2031. He specified that the 30% floor for business personal property taxes will be eliminated and the threshold will increase to $2 million beginning in 2027, and that property-tax deductions will transition to credits starting in 2026.
Schmitt framed the changes as seeking efficiency in government rather than using local income taxes to replace lost revenues. The presentation was informational; no council action was recorded on the topic during the meeting.
