In a recent release from State Representative Jack Jordan (R-Bremen) he said, “From deciding where to live to launching a new business, our state’s tax policies affect our lives in a number of ways. I remain committed to keeping our state’s taxes low and putting more money in Hoosiers’ pockets while responsibly and efficiently managing state revenues to keep our economy thriving.
Indiana has a strong track record of being fiscally responsible and doing what’s right by taxpayers. In fact, tax cuts in the recently passed budget, which I supported and helped enact as chair of the House Budget Subcommittee, will save taxpayers over $430 million over the next two years. With the acceleration of individual state income tax cuts, hardworking Hoosiers will have one of the lowest rates in the nation by 2027.
To build on this momentum, the recently formed State and Local Tax Review Task Force, on which I serve, will be looking at Indiana’s short- and long-term financial outlook, working on improving the state’s tax structure and taking a deep dive into the state’s sales tax, property tax, individual income tax, and corporate tax structure.
The State and Local Tax Review Task Force is set to meet at 8:30 a.m. on Friday, Sept. 29, at the Statehouse in Indianapolis. Other meetings are scheduled for 10 a.m. on Friday, Oct. 20, and Tuesday, Nov. 14. Additional meetings will be scheduled in 2024.
As we meet, the goal is to use findings to identify opportunities to further reduce our already low state income tax, lower property taxes, or make other tax reforms. Our task force’s recommendations will be submitted to the General Assembly ahead of the 2025 budget session.
To stay up to date on our work, visit iga.in.gov. There, you can find committee schedules and agendas, and stream committee meetings. Residents are also welcome to attend and testify.
As your state representative, I’ll continue supporting a low-tax climate that makes Indiana a great place to live, work, raise a family, and start or grow a business. Please reach out to h17@iga.in.gov or 317-232-9651 with any questions or input on this issue or others important to you.”
