Deadline looms on estate-tax option
The Tax Cuts and Jobs Act, which passed in 2017, temporarily doubled the estate-tax exemption starting in 2018. But the estate-tax provision of the TC&JA is scheduled to sunset at the end of 2025.
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Union workers at Stellantis, Ford on verge of ratifying deals
With the deals set to be approved, workers at Ford and Stellatis will join counterparts at General Motors in ratifying the record contracts, ending a contentious labor dispute that brought a punishing series of strikes over six weeks.
In face of low investor interest, Lilly again extends $1.4B offer for Point Biopharma
The extension comes amid pushback from several investors, including Point’s largest institutional stock holder.
Sen. Todd Young to take on alumni, donor college admissions—without stepping on religious toes
U.S. Sen. Todd Young, a Republican from Indiana, and U.S. Sen. Tim Kaine, a Democrat from Virginia, introduced a bill this month banning accredited institutions from offering preferential treatment to applicants with relationships to alumni or donors. The bill includes protections for faith-based institutions.
Tippecanoe County considers moratorium on high-volume water transfers
The move comes as the state explores the feasibility of pumping as much as 100 million gallons of water from Wabash River aquifers for a high-tech manufacturing park in Boone County.
TechPoint launching new peer-to-peer network for founders
The Indiana Founders Network is intended to help entrepreneurs connect with peers for personal support and networking. The group’s kickoff event takes place in January.
Lilly to build $2.5B factory in Germany for injectable drugs
The announcement represents the company’s latest move to meet the soaring demand for its medicines for diabetes and weight loss.
Two Newfields board members resigned before CEO’s departure was announced
The unexplained resignations of two prominent board members join a list of unknowns hovering above recent changes at Newfields art museum and gardens.
All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B
The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.
IPS board authorizes sale of Francis Bellamy School 102 amid legal battle with Indiana AG
The school board voted 6-0 Thursday to authorize the sale of the school on the far-east side to a local not-for-profit that works with youth, for $550,000.
Indiana awards $557M for low-income housing in ‘historic’ investment
Together, the projects are expected to result in nearly 2,500 new housing units in the state.
Harbaugh to serve out suspension after settlement with Big Ten
Jim Harbaugh, a former quarterback for the Indianapolis Colts, was suspended last Friday by the Big Ten Conference, three weeks after an investigation by the Indianapolis-based NCAA into the sign-stealing allegations emerged.
Indiana podcaster revisits the many layers of ‘It‘s a Wonderful Life’
Ten-episode podcast “George Bailey was Never Born,” co-created by Bloomington resident Ray Nowosielski, will be released Nov. 21.
Amazon to allow customers to buy cars on its site from local car dealers
The announcement on Thursday shows Amazon’s ambitions to grow its footprint through dealers in an industry that has strong lobbying forces and heavy state regulations.
INDOT facing fiscal cliff without road-funding changes
Indiana’s Department of Transportation expects to lose billions of dollars in revenue in the coming decades as more Hoosiers buy alternative fuel-using and fuel-efficient vehicles.
Doden, Braun exchange shots over qualified immunity, IEDC record
Indiana gubernatorial candidates Eric Doden and U.S. Sen. Mike Braun traded jabs Wednesday over the legal practice of qualified immunity and the use of state tax dollars in economic development—an escalation in the 2024 race to succeed Gov. Eric Holcomb.
Candidates Chambers, Hill release gubernatorial proposals
One GOP candidate for governor proposed massive tax changes Wednesday while another outlined a plan to strengthen public safety.
General Motors seals deal with UAW workers in closer-than-expected vote
The outcome was closer than expected after the UAW’s celebrations of victories last month on many key demands that led to six weeks of targeted walkouts against GM, Ford and Stellantis.
Plan for Whitestown junkyard site redevelopment causes concern for residents, councilors
Indianapolis-based Milhaus plans to build a 125-room hotel, a 228-unit apartment development and 75-for-rent townhouses in the initial phase of the redevelopment.
North of 96th roundup: New hotel, Bar Louie in the works; Costco sets opening date
Multiple retailers, restaurants and other businesses have recently opened or are planning new locations in the north suburbs of Indianapolis. Here’s a rundown: