Braun joins protestors at Indiana Statehouse rally calling for property-tax reform
Many of those in the crowd, whose chants could heard throughout the Statehouse, wore green to symbolize the money they say is lost through property taxes.
Taxes
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Some local governments are slowing spending as lawmakers debate property tax cuts
The bill would reduce property taxes—and therefore reduce local government revenue—by about $1.4 billion over three years, according to the bill’s fiscal plan.
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Senate lawmakers scale back Braun’s ambitious property tax proposal in heavily amended bill
The 93-page amendment to Senate Bill 1 introduced Tuesday scrapped an expanded homestead deduction and tax bill caps, which offered the bulk of the plan’s homeowner relief but threatened local government funding.
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Bill proposing continued income tax rate cuts passed by committee
Hoosiers would see the percentage of their income the state takes for taxes continue to decrease under a bill progressing through the Indiana House.
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IBJ Podcast: Pete the Planner on Trump’s second term, rising inflation and the impact of the LA wildfires on housing
IBJ columnist Pete Dunn outlines the challenges of rising inflation, stubbornly high costs for consumer goods, the meandering stock market, mass deportations and what could be the biggest economic story of 2025.
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Articles
Indiana House considers another property tax overhaul solution
Wednesday’s amendment to Senate Bill 1 marked the bill’s third major iteration this session, signaling that legislative leaders have not yet settled on the approach to lower property taxes.
Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
On Wall Street, it was a tough week with wild swings dominated by worries about the economy and uncertainty about Trump’s tariffs.
Lawmakers poised to amend property-tax bill amid pressure from Braun, constituents
Indiana lawmakers have been feeling the heat to restore more significant cuts to the Legislature’s primary property-tax relief bill.
UPDATE: Trump grants one-month exemption for U.S. automakers from new tariffs on imports from Mexico, Canada
The administration is grappling with the fallout of tariffs beloved by President Donald Trump that could create serious blowback for his political mandate to lower prices.
IRS drafting plan to cut up to half of its 90,000-person workforce, sources say
The layoffs are part of the Trump administration’s efforts to shrink the size of the federal workforce through billionaire Elon Musk’s Department of Government Efficiency.
Tampons, adult diapers exempt from sales tax in Indiana budget proposal
Lawmakers on both sides of the aisle have advocated for this exemption for years.
Braun says he’ll continue to push for broad property-tax relief this session
Indiana Gov. Mike Braun said Tuesday that he will continue to fight for broader property-tax relief after a Senate fiscal committee scaled back his plan for ambitious tax cuts.
Senate advances new $500 child tax credit
Bill author Sen. Greg Walker, R-Columbus, said the tax credit is one of many measures lawmakers should consider to make it easier for Hoosiers to afford to have children.
Buffett offers Trump advice while celebrating Berkshire Hathaway’s success
After his firm paid $26.8 billion in taxes last year, Warren Buffett told the president to “spend it wisely,” adding, “Take care of the many who, for no fault of their own, get the short straws in life.”
Three money-making bills that died in a tight budget year
But House Speaker Todd Huston, R-Fishers, has said repeatedly that Indiana lawmakers don’t make policy simply to raise money.
Gov. Mike Braun threatens to veto property tax bill, call special session if more cuts aren’t added
Senate Bill 1, which previously carried Gov. Mike Braun’s ambitious property tax relief plan, was pared down significantly in committee following outcry from local government leaders.
UPDATE: Braun says Senate-passed property tax bill ‘has a long way to go’
The Senate-approved tax bill would limit total growth in property tax revenue, which could reduce individual bills. But the Republican governor said the legislation lacks “meaningful tax cuts.”
Musk’s DOGE seeks access to personal taxpayer data, raising alarm at IRS
The news comes as roughly 150 million taxpayers prepare to file returns by the April 15 deadline.
Tariffs could reach deep into manufacturing-heavy Indiana
While consumers across the country could pay higher prices on all sorts of goods, Indiana’s economy is especially vulnerable to the uncertainty from tariffs and retaliatory tariffs between nations, economists say.
Uncertainty over impact of tariffs leaves aftermarket manufacturer anxious
Anderson-based StagUSA Services Inc. manufactures aftermarket products allow vehicles to run on alternative fuels like compressed natural gas and propane. The company imports propane tanks from Mexico and other components from Poland.
Nashville distiller says Trump policies may present new opportunities
When the Trump administration announced tariffs on Feb. 1 for most Canadian, Mexican and Chinese goods, Hard Truth Distilling Co. co-owner Jeff McCabe was worried but said his Indiana whiskey producer will be fine.
Portage plastics parts maker fears trade ‘chaos’
Konrady Plastics Inc. CEO Leah Konrady says President Trump’s trade proposals are creating uncertainty.
Local leaders sound alarm on Braun’s property tax overhaul legislation
Republicans and Democrats testified the bill would decrease local governments’ revenues significantly and affect the quality of some public services.
Trump says Americans could feel ‘some pain’ from tariffs as he threatens more import taxes
President Trump on Sunday night returned from Florida and threatened to impose steeper tariffs elsewhere, telling reporters that the import taxes will “definitely happen” with the European Union and possibly with the United Kingdom as well.