Indiana's 30% BPP floor removal was sold as tax relief, but 2026 assessments can rise. The aggregate-floor math, PPOP-IN shutdown, and post-May 15 fixes.
Indiana SB1 removed the 30% minimum-value floor on new business personal property placed in service on or after Jan 1, 2025. Here's how it lowers BPP assessed value over time.
The 2026 business personal property exemption jumped to $2M in acquisition cost. Most Indianapolis small businesses owe no tax - but you must still file by May 15.
SEA 1 and HEA 1427 raised Indiana's business personal property exemption from $80,000 to $2,000,000 effective with the January 1, 2026 assessment. Most small businesses, rental LLCs, and short-term rental operators now owe zero BPP tax — but the filing requirement stays. Here's what changed and how to claim the exemption on Form 103.
DeKalb County's Auburn manufacturing economy meets Indiana's $1M business personal property exemption in 2026. Here's what changes for owners and small industrial operators.