Republicans on the Indiana House Ways and Means Committee passed their $1 billion tax-cut proposal Wednesday night on a 15-7 party-line vote, sending it to the full House for consideration.
But some Republican legislators still want to cut what they consider the last blemish on the state’s otherwise business-friendly tax structure: the business personal property tax.
The Indiana Senate’s top Republican said tax cuts and limits on employer vaccine mandates didn’t land on his priority list because they are “controversial” and “more complicated to work through.” But that won’t stop House Republicans from pursuing them.
The plan proposes lowering or eliminating four separate taxes on sales, business personal property, individual income and utility receipts.
Indiana House Speaker Todd Huston says the state’s burgeoning surplus, forecast to grow to $5.1 billion by the end of June, gives him even more reason to pursue tax cuts.
House Republican leaders want to reduce the personal property taxes businesses pay on equipment, claiming it is one of the last tax obstacles in recruiting new businesses and spurring growth for businesses already here.
The Biden White House is amplifying the push for its $2.3 trillion infrastructure package with the release of state-by-state breakdowns that show the dire shape of roads, bridges, the power grid and housing affordability.
Indiana lawmakers are considering legislation that would freeze property tax assessments for four years when a property owner wins an appeal.
The Indianapolis-based developer plans to break ground later this year on the building—its first at the 93-acre site that on the east side Ambrose has branded Indianapolis Central Logistics Park.
The redevelopment will exacerbate a challenge already weighing on Marion County: huge swaths of land off the tax rolls because they are owned by not-for-profits and are being used for purposes related to the groups’ missions.
Meanwhile, the final results of Beech Grove City Schools’ referendums were still being counted Tuesday night, but voters looked to be on the way to approving the $22.4 million funding request.
Al Hubbard, who served in the White House under the George H.W. Bush and the George W. Bush administrations, is backing a campaign to defeat referendums that seek to raise $285 million for construction projects and $16 million for operating expenses.
City and county officials are grappling with the sacrifices they’ll have to make as plummeting employment, delayed collections and reduced economic activity cut into tax revenue.
A special prosecutor started investigating former Deputy Treasurer Susan Byer’s claims five months after she filed a November 2018 lawsuit alleging the office allowed county employees to waive penalties on late property-tax payments for themselves and family members.
Voters across Indiana, weighing school referendum requests from 10 districts in Tuesday’s elections, approved seven measures and turned down six others.
A City-County Council Committee on Monday recommended approval of a new tax-increment financing district for the Twin Aire neighborhood, which could lead to development opportunities in an area that will soon be home to the city’s new criminal justice complex.
Here’s a roundup of all of the state school districts that will put a tax increase on the ballot in November, including a couple of school districts with both construction and operational referendums.
The sale was scheduled to take place Thursday and Friday but a clerical error forced the Treasurer’s Office to cancel the event. Nearly 1,200 parcels with minimum bids totaling some $6 million were to be auctioned and will now be available at the rescheduled sale in February—unless the owners pay their delinquent taxes.
Under a proposed deal, the Boston-based developer of the 11-story project would receive a portion of the increase in property tax revenue generated by the project in order to pay off the bonds.
The bill approved 48-0 by the Indiana Senate would allow counties to waive penalties and interest if overdue taxes are paid by May 2020.
