The Indiana House Monday approved a historic bill that would make property-tax caps part of the state constitution.

The measure passed the Democrat-controlled House by a vote of 74 to 23. The Republican-controlled Senate is also expected to overwhelmingly pass the measure, which would allow voters to decide in November whether to make the tax caps part of the constitution.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.