The Duneland School Corp. board unanimously passed a resolution opposing the elimination of business personal property tax during its meeting on Wednesday night.
The proposal, which has been made by Gov. Mike Pence and is currently being debated in the General Assembly, seeks to eliminate taxes on business equipment, also known as business personal property tax.
The School Board resolution argues that the “elimination of business personal property from assessed value will reduce the total assessed value and result in an increase to most tax rates.”
This would impact the district’s referendum fund and would “mean an annual loss of over $1.4 million dollars in revenue that had already been approved by the patrons of the Duneland school community.”
Superintendent Dr. David Pruis read the resolution that also stated the impact to county governments, townships, fire departments, airports, and libraries in addition to schools by removing “over one billion dollars of revenue needed.” The resolution urged local elected officials to oppose the legislation.
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