5 articles tagged with "lit".
Property Taxes6 min read
HEA 1210-2026 pushed SEA 1's local income tax overhaul back a year. Current LIT rates now run through 2028, the 2.9% framework starts January 1, 2029, and counties face an October 1, 2026 MUST deadline first.
Property Taxes7 min read
SEA 1 lets counties adopt a local income tax of up to 0.3% solely to reduce homestead property tax bills. HEA 1210 extended the window through 2028. How it works, and how it differs from the other LIT rates.
Property Taxes8 min read
There was no SB 1 replacement LIT for counties to impose in 2025 or 2026. Here is what Indiana counties have actually done: current rates, reshuffled components, the homestead-relief option, and the MUST taskforces HEA 1210 created, plus the 2028-2029 deadlines.
Property Taxes8 min read
Marion County's local income tax is 2.02% in 2026, unchanged since 2023. SB 1 did not create a 1.2% replacement LIT. Here is what Indianapolis actually did with its rate components, who pays, and what changes in 2029.
Property Taxes7 min read
SB 1's property tax relief has to be paid for somewhere. Its local income tax overhaul, delayed by HEA 1210 to January 1, 2029, caps county rates at 2.9% and gives larger cities and towns their own rate of up to 1.2%. What changes, when, and who wins and loses.