Good news for Indiana farmers.
Gov. Mike Pence has signed into law a one-year delay on new calculations for property taxes on farmland. The bill requires state tax officials and Purdue University agriculture researchers to prepare a review of the soil productivity measurement for the Legislature to consider next year.
The new law stops the state from using current figures that were projected to lead to an average 25-percent increase in tax payments for farm owners by shifting those taxes onto farmland.
The was the first bill Pence has signed into law since becoming governor last month.