As local governments wrap up a challenging budget cycle, some state lawmakers say they’re looking at revisiting property and income tax reform.
Senate Enrolled Act 1 passed earlier this year includes more deductions for residential and agricultural properties, as well as changes to the business personal property tax. Changes to local income taxes would take effect in 2028, which local government leaders have said could lead to much lower revenues.
State Senator Linda Rogers (R-Granger) serves on the Tax and Fiscal Policy Committee and was a co-author of the law. She says she’s willing to revisit the local income tax portion, while continuing with property tax relief. “I would like to see the changes in our LIT or local income tax maybe be extended for another year,” Rogers said. “I think that gives us time to see the real numbers from the Department of Revenue.”…