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"As your State Representative, I pledge to serve to my best abilities the citizens of the area, by encouraging what makes this district great. This region of the state has been ignored for a long time - Funding Schools, Indiana's strong reliance on Property Taxes, Personal Rights and Safety as well as Economic Development are some of the few points that need to be addressed. It is time to stand up and make our voice heard."
~Tom Knollman
Updates
Knollman Votes to Eliminate Death Tax
(Statehouse) January 25, 2007 - Today, State Representative Tom Knollman (Liberty) voted for House Bill 1027 Minority Committee Report, a measure that would have eliminated the Indiana Death Tax. The Report was debated on the floor of the House of Representatives, yet failed by a 48-51 vote.
“We had an opportunity to eliminate a tax that would put more money into Hoosiers’ pockets and provide more income to Indiana families, but the opposition was too strong,” said Rep. Knollman. “I will continue to make my voice heard for the citizens of East Central Indiana to eliminate the state’s inheritance tax.”
Class A beneficiaries include the lineal ancestors and descendants, such as grandparents, parents, children, step-children, and grandchildren. If it had passed the House, the Committee Report would have phased-out the Death Tax over the next five years. In 2008, the initiative aimed to raise Class A exemptions to $200,000, then raising the exemption again in 2009 to $300,000. Beginning in 2010, Class A beneficiaries would have been exempt from the tax. By 2012, every beneficiary would have been exempt, effectively eliminating the Death Tax. Indiana is one of only thirteen states in the nation that still impose this tax.
“Hoosiers work hard and deserve to not be overburdened with taxes,” said Rep. Knollman. “The elimination of the inheritance tax would have done just that and helped to put more money into Hoosiers’ pockets.”
For questions or comments regarding this session, Rep. Knollman can be reached at h55@IN.gov, or by calling at 1-800-382-9841.
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