Posts With Keyword ‘tax reform’

TIF Causes Problems for Property Tax Reform

Posted: Friday, March 2nd, 2012 at 6:26 am

As previously reported, lawmakers are looking at reducing the percent of taxes collected from commercial properties from 100 to 40%. A bill for tax reform has passed the House and is on to the Senate. Our local representatives, Senator Greiner and Representative Klein, both wanted to see this reform passed although they shared concerns, saying it needs to be done very carefully.

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Commercial Property Tax Reform Hits Roadblock

Posted: Wednesday, February 1st, 2012 at 6:26 am

As previously reported, lawmakers have been looking at commercial tax reform, hoping to reduce the amount of taxes collected from commercial properties from 100% to 60%. Yesterday, the chairman of the Senate Ways and Means committee said they will not even consider commercial property tax reform until the Earned Income Tax credit is expanded.

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