From the Richmond Palladium-Item:
Indiana Farm Bureau delegates reaffirmed their support for federal crop yield and revenue insurance at IFB’s annual delegate session Aug.25. ...
During the delegate session, which included representatives from every county Farm Bureau in the state, delegates also made changes in the organization’s policy regarding inheritance, property and personal property taxes.
Changes included: Inheritance tax — Agreed the Indiana General Assembly should accelerate the elimination of inheritance taxes, with full repeal not scheduled to end until 2022; Sales tax — Supported collection of state sales taxes on internet sales in all states; Personal property tax — Clarified language about supporting elimination of personal property tax, adding “non-property tax revenue must be found before elimination”; Farmland assessment — In reaction to a proposal by the Indiana Department of Local Government Finance to change the soil productivity factors used in the formula that determines the taxable value of farmland, delegates agreed the Legislature should have the final say on the farmland formula.
IFB is opposed to increasing the soil productivity factor above the current level of 1.28 percent of the base assessed farmland value.
http://www.pal-item.com/apps/pbcs.dll/article?AID=2012309010019
