Hogsett retools tactics on commuter tax
Mayor Joe Hogsett hopes to convince legislators that other Indiana cities, not just Indianapolis, could benefit from a non-resident income tax or the redistribution of income tax revenue.
Income taxes
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State stops millions in fraudulent tax refunds
Thanks to a fraud-prevention program the Indiana Department of Revenue implemented in 2014, hackers looking to collect refunds owed to other individuals seem to be targeting Hoosiers less often.
Hogsett proposes draining rainy day fund to infuse $14M into road repair
Hogsett called the condition of local roads “deplorable” and vowed to “return our streets to safe, passable condition.” Since Jan. 1., the city has received more than 12,000 repair requests for potholes.
Not-for-profits brace for impact of tax bill
Charities are waiting to see whether new tax changes, which will reduce the number of Americans who qualify to lower their federal tax bills by using a deduction for giving, will also reduce donations.
Some utility rates could go down due to corporate tax cuts
Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay, after the passage of a federal tax overhaul that reduced the corporate income tax rate by 14 percent.
GOP betting that its fix for US economy will defy warnings
A wide range of economists and nonpartisan analysts have warned that the bill will likely escalate federal debt, intensify pressure to cut spending on social programs and further widen America's troubling income inequality.
Fishers cries foul, claims tax formula benefits Carmel
Fishers leaders say the state’s formula for distributing income tax revenue to local entities is unfair, and they want changes.
Todd Young backs tax reform, but not if it increases deficit
The senator from Indiana said fellow Republicans “can’t assume unreasonable rates of economic growth or we’re being fiscally irresponsible.”
Trump, announcing tax reform plan, hopes to bring ‘wisdom of Indiana’ to Washington
The plan repeals the estate tax and alternative minimum tax, lowers the corporate tax rate, and reduces the number of tax brackets while lowering the highest tax rate. One of the largest boons for the middle class would be that it doubles the standard deduction.
State manufacturers float relocation tax credit idea as tool to lure workers
The Indiana Manufacturers Association is also hoping the state will allow local governments to offer relocation tax incentives to build upon any that the state offers.
Trump to push tax overhaul but leave details to Congress
President Trump wants corporate taxes to drop from a top rate of 35 percent to a top rate of 15 percent. But it’s not clear if it will end up being that low in the plan, or what kind of break a typical taxpayer would see.
Committee endorses transit tax hike, sends plan to full council
The City-County Council committee vote came after Mayor Joe Hogsett’s top adviser urged members to say yes—the first time the mayor’s office had expressed an opinion publicly about whether the tax increase should pass.
Council OKs putting mass-transit tax hike on November ballot
The question will be whether Marion County voters are willing to approve a 0.25 percent income-tax hike to pay for expanded mass transit.
INSIDE THE STATEHOUSE: Bills would mean big bucks for local government
Indiana lawmakers are debating ways to give money back to local governments—money that already belongs to cities, towns and counties but the state has been holding in reserves.
UPDATE: Future income tax cut added to road-funding plan
A future 5 percent cut in Indiana's individual income tax rates is being added to a legislative proposal that would boost gasoline and cigarette taxes to increase road funding.
Mayoral foes: City must draw residents to bolster tax revenue
Attracting higher-wage residents is key to future growth as city revenues have stagnated and local governments have become increasingly reliant on income taxes. Republican Chuck Brewer and Democrat Joe Hogsett are proposing ways to bolster Indy neighborhoods.
Cleveland appeals ‘jock tax’ ruling to U.S. Supreme Court
The case has widespread implications for pro athletes and cities with sports franchises that tax visiting players’ incomes. It’s rooted in part in a challenge brought by former Indianapolis Colt Jeff Saturday.
The reality of Indiana’s corporate tax load
The age-old struggle over who pays taxes to support government is playing out in a legislative study committee before the 2015 General Assembly convenes, with Gov. Mike Pence saying he wants to simplify and cut taxes.
S&P report: Stagnant incomes threaten Indiana revenues
Sales tax is Indiana’s largest source of revenue. But it is tied to consumer spending, and Americans have become increasingly reluctant to spend as median incomes have remained virtually stagnant over the past 30 years.
Indianapolis council OKs public safety tax hike
In a 19-10 bipartisan vote, the Indianapolis City-County Council approved a hike in the public-safety income tax. The 43-percent increase will bring the total local income tax rate to 1.77 percent.