Wednesday, January 03, 2007

Crystal Ball for Indiana Tax Reform in 2007 (Part 1)

Today's Indianapolis Star gives the perspective of two rank-and-file House Republicans on what the 2007 legislative session could have in store. Their fearless prediction is that the cigarette tax hike proposed by Governor Mitch Daniels will go through this year, and that lawmakers will at least take a shot at property tax reform.

Neither lawmaker has much to say (in this article, at least) about how property tax restructuring ought to work. One of them, Jerry Torr, expresses his support for capping property taxes at 2 percent of market value. For more on why this isn't the smartest idea in the property tax playbook, check out this post from the Talking Taxes weblog.

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