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Article: LAWMAKERS TURN UP HEAT ON TAX REFORM HOUSE REPUBLICANS SAY STATE SHOULD PAY THE BILL
- Article from:
- Evansville Courier & Press (2007-Current)
- Article date:
- November 20, 2003
- Author:
CopyrightCopyright 2003 Evansville Courier & Press. Provided by ProQuest LLC. (Hide copyright information)
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The political heat surrounding property taxes was turned up
Wednesday as House Republicans said the state should pay for any new
deductions.
The state's budget shortfall, which is approaching $1 billion,
makes such a proposal unlikely, said the House Democrats, who are
backing a bill that would temporarily increase the homestead
deduction from $35,000 to $44,000.
The Democrats' version also would create new deductions for old
homes and historic homes. But the $320 million in changes would mean
increased tax rates and higher tax bills for farmers, businesses and
owners of modest homes.
If the state can't provide the funding for the new deductions,
then lawmakers shouldn't bother to bring them ...