Legislation would allow counties to offer automatic bank deductions for property tax payments
INDIANAPOLIS, IN – The Indiana Senate approved today that would take advantage of electronic bill payments and allow homeowners the option of paying their property taxes through an automatic deduction from a checking account. Senate Bill 208, co-authored by State Senator Tim Lanane (D-Anderson), was approved by a vote of 47 to 1.
"This would allow homeowners to budget property tax payments through a consistent and automatic monthly deduction," Lanane said. "The constant flow of revenue could also help counties avoid the necessity of year-end borrowing, saving taxpayer money that would be paid out in interest for those loans."
Any delay in anticipated revenue, including property taxes, can force local government units to cover operating expenses through short-term loans, typically through the Indiana Bond Bank.
Senate Bill 208 would allow homeowners to participate in a voluntary program to pay property taxes by automatic deduction from a checking account, a system increasingly used by many individuals to pay other monthly bills. It would also allow the taxpayer to pay in regular installments by check.
The program would be voluntary for taxpayers and available based on county-by-county approval. County treasurers would manage program applications and would determine the monthly payments for each parcel.
The bill now goes to the Indiana House of Representatives for further consideration.
For more information on Sen. Lanane, his legislative agenda or other State Senate business call 1-800-382-9467 or visit www.senatedemocrats.IN.gov.
Source: Senate Democrats Press Release
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OR they could work on
OR they could work on getting rid of the Property tax. But who are we kidding here? Ya know, it is getting cheaper and it seems there is a better quality of life in Canada now. I like beer eh.
couldn'nt ask for a better
couldn'nt ask for a better man to represent us, good job Senator!
Of course he votes this way!
Of course he votes this way! This gets the money to the state coffers and to the politicians quicker! The voter is lulled to sleep and doesn't feel the real cost of taxes by allowing checking account deductions! Mr. Lanane needs to work at getting rid of property taxes instead of creative methods for collecting.