Articles

Mayor wants to lure high-earners to boost income-tax base

Mayor Greg Ballard’s chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.

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Experts see limits to state’s low-tax strategy

Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.

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Education group plans local expansion, 30 jobs

Project Lead the Way Inc., a not-for-profit education group that moved its headquarters from New York to Indianapolis in late 2011, plans to spend $1.7 million to expand its headquarters at The Precedent Office Park.

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Software firm seeks tax breaks for HQ move, expansion

The Consultants Consortium Inc., which does business as TCC Software Solutions, said it plans to spend about $1.3 million to renovate two buildings on a 3.6-acre property at the northeast corner of Winthrop Avenue and East 52nd Street.

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Governor backs alternative business tax cut

Indiana Gov. Mike Pence threw his support behind House Republicans’ watered-down business tax proposal Tuesday amid outcry from local leaders over the potential to damage their already cash-strapped budgets.

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