Rep. Todd Young Violates Tax Law Again

Bill Bailey releases statement:

Once again U.S. Congressman Todd Young (R-Bloomington) showed his disregard for Indiana tax law by claiming a property tax deduction for a house he doesn’t live in.

“It’s embarrassing that Rep. Young doesn’t follow state tax laws when he is a member of the House Ways and Means Committee, which writes tax law,” said Bill Bailey, the Democratic nominee for the 9th Congressional District. “Hoosiers deserve a congressman who plays by the same rules they have to follow.”

Bailey, a former state representative who served on the Indiana House Ways and Means Committee, added “It sets a poor example for 9th District Hoosiers that our congressman doesn’t seem to understand such a basic concept of paying his taxes and paying them on time. How can we trust him to use taxpayers’ hard-earned money appropriately?”

According to a CNN report released over the weekend, Young claimed a house in Bloomington was his primary residence and deducted more than $200,000 from his property taxes – saving himself almost $5,000. However, Young was renting the property to others, not living in it himself.

The homestead credit, which Young claimed, can only be used for a homeowner’s primary property. He did not stop claiming the credit when he moved from the house in 2011.

Last month, the Monroe County auditor notified the second-term congressman that he owed about $5,300 in back taxes and penalties, which Young paid April 14, records show, according to CNN.

It’s not the first time Young has had tax problems, according to CNN. It reported last month that Young paid $1,500 in penalties for late payments for his property taxes between 2007 and 2011.

Monroe County Treasurer Catherine Smith told CNN that when Young was in her office in 2012 (paying $4,000 for 2011’s back taxes), she gave him the opportunity to update his records and remove the homestead deduction from the property, but he didn’t.

“It’s homestead fraud. He knew the state law,” the Democratic treasurer said in the CNN report. “A man that makes (a salary) from tax money should be held accountable for his own taxes.”

Smith was already frustrated that the check Young used to pay the $4,000 in back taxes bounced, leading the treasurer to complain that Young’s problems have “created serious complications for our office.”

 

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For more information                                                                             

contact Bill Bailey at bill@billbaileyforcongress.com                                  

or 812-271-1378 or 812-216-0072