Illinois' governor must decide if he'll sign a measure allowing…
Mike Pence. (WISH photo)
The leader of one Tea Party organization in Indiana believes it…
Indiana convenience stores want to be able to sell cold beer. …
Advertisement
Pence set to sign bill delaying new farmland taxes
Updated: Wednesday, 27 Feb 2013, 7:32 AM EST
Published : Wednesday, 27 Feb 2013, 7:32 AM EST
INDIANAPOLIS (AP) - New calculations for property taxes on Indiana farmland will be delayed for a year under legislation Gov. Mike Pence is set to sign in law.
Pence's office says he plans to sign the bill Wednesday, making it the first new law he approves. The measure gained final legislative approval last week.
The legislation stops the state from using updated soil quality figures that were projected to lead to an average 25 percent increase in tax payments for farm owners.
Supporters of the delay say the new calculations could lead to $57 million in property taxes being shifted to farmland.
The bill requires state tax officials and Purdue University agriculture researchers to prepare a review of the soil productivity measurement for the Legislature to consider next year.
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement
More on WISHTV.com
-
A cell phone app is credited for saving two ducklings. The baby ducks fell into a storm …
-
Laurel County Sheriff John Root says in a statement that a 47-year-old London woman told …
-
WASHINGTON (AP) — A Massachusetts congressman says investigators still don't know whether…
-
Learn more about the people who appear on air at 24-Hour News 8.
-
The booming 23-year-old R&B vocalist from St. Helena Island, S.C., won the Fox singing …
-
Drivers got ready for another big day at the track on Sunday for Old National Armed …
-
Today's Unique Home Solution comes to you from Susan Wollenweber of Indy! Thanks Susan!
