Indiana Senate Bill 518

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

School property taxes. Provides that all school corporations that adopt a resolution for a property tax levy for a controlled project or a school safety referendum tax levy after May 10, 2025, must share revenue received from the levy with certain charter schools. Provides that all school corporations must share revenue received from a debt service levy with certain charter schools. Provides that all school corporations that adopt a resolution for an operating referendum tax levy after May 10, 2025, must share revenue received from the levy with certain charter schools and certain other school corporations. Provides that all school corporations must share revenue from the school corporation's operations fund levy with certain charter schools and certain other school corporations. Provides a calculation for determining the amount of an annual grant from the charter and innovation network school grant program based on the amount of property tax revenue received by a charter school from school corporations. Makes conforming changes.

School property taxes.

Sen. Linda Rogers [R]

Sen. Jeff Raatz [R]

Sen. Mike Gaskill [R]

Date	Chamber	Action
2025-01-16	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2025-01-16	Senate	Authored by Senators Rogers, Raatz, Gaskill

Type	Source
Summary	https://iga.in.gov/legislative/2025/bills/senate/518/details
Text	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0518/SB0518.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0518/fiscal-notes/SB0518.01.INTR.FN001.pdf
Supplement	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0518/fiscal-notes/SB0518.01.INTR.FN002.pdf