Governor Mike Braun Criticizes Senate Bill 1

Governor Mike Braun has concerns about Senate Bill 1, which focuses on property taxes. In a post on X, he said the bill still needs work before he signs it.

As SB1 moves to the House, I want to be clear on a key point—a real tax cut means taxpayers keep more, and government takes in less. SB1 doesn’t cut taxes for homeowners hit hardest by skyrocketing assessments since 2020—it just slows down how fast their bills will increase next…

— Governor Mike Braun (@GovBraun) February 17, 2025

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Major Changes to Senate Bill 1

The Senate Committee on Tax and Fiscal Policy made big changes before sending it to the full Senate. They removed:

• A higher homestead deduction
• A plan to roll taxes back to 2021 levels
• A cap on tax increases (3% for most and 2% for seniors)

Braun’s Concerns

The Governor says the bill does not help homeowners hit hardest by rising assessments since 2020. Instead, it only slows how fast taxes go up.

Local governments worry about losing funding. Braun, however, promised to fight for a stronger tax cut plan.

Braun Stands Firm on Tax Relief

Braun said in an interview on WTHI that he is not backing down on his promise to Hoosier voters. He criticized local governments for not adjusting tax rates to keep increases reasonable.

“So what happened with many local jurisdictions and school districts is they did not take their rates down enough to make it reasonable to cover inflation, and a reasonable growth rate in their annual budget,” Braun said. “They are going to be the ones who are going to have a tough time explaining to taxpayers why their bills went up by double, in some cases, over those four years.”

Braun said he is willing to veto any bill that does not provide enough relief. He also mentioned the possibility of calling an emergency special session to push for stronger tax cuts.

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Governor Mike Braun Criticizes Senate Bill 1  was originally published on wibc.com