Business Tax Burden
Position
The Chamber opposes a constitutional amendment that caps property taxes. Such a constitutional amendment would severely limit the ability of Indiana to react to changes in the structure of its economy and to tap potential sources of revenue when needed. Also, research must be undertaken to ensure that legislatively enacted property tax caps (1% on residences, 2% on farms and 3% on businesses) do not place Indiana businesses at a competitive disadvantage in our region or in the nation. In the past four years, Indiana has become one of the premier states within which to conduct business, and we need to protect and maintain a favorable tax climate for business.