Indiana fiscal policy think tank finds new leader
The institute, which studies how Indiana collects and spends taxpayer money, has been without a president since late 2017.
Taxes
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From travel to IPOs, here’s how shutdown is upsetting U.S. economy
Delta Air Lines can’t get eight new aircraft in the air. Roughly a million government employees and contractors aren’t being paid. Some Americans who are trying to start small businesses face delays in obtaining information from the IRS.
Bill would boost CIB funding, require new 25-year deal with Pacers
A bill filed by Senate Appropriations Chairman Ryan Mishler would extend the life of multiple tourism- and entertainment-related taxes that help fund the Capital Improvement Board and expand the footprint of what’s known as the Professional Sports Development Area to capture even more tax revenue for the CIB. But there’s a catch.
Trump official says tax refunds will go out on time despite shutdown
Russell Vought, acting director of the White House budget office, said customary rules will be changed to make the payments possible. About three-quarters of taxpayers receive annual refunds, giving them an incentive to file their returns early.
Sports betting unlikely to be home run for state budgets
Returns in states that have already approved of sports betting have been modest so far. And experts say revenue is likely to be diluted overall as more and more states jump into the game.
Gov. Holcomb wants to keep Pacers in Indy, will consider plans to improve CIB facilities
The Capital Improvement Board of Managers will ask lawmakers for more long-term funding that could be used in part for improvements at Bankers Life Fieldhouse. The governor says he’s ready to listen.
Business, health leaders call for lawmakers to triple cigarette tax
A coalition of business and health professionals launched a campaign Thursday calling for Indiana lawmakers to increase the state’s cigarette tax by $2 per pack.
Indiana becomes epicenter of campaign battles over Trump trade policies
Tariffs are weighing heavily on the tossup U.S. Senate contest between Democratic incumbent Joe Donnelly and Republican Mike Braun.
Trump might announce middle class tax-cut plan days before crucial midterms
The president offered no details on the proposal, which would follow a landmark tax overhaul last year that Republicans had hoped would ensure they’d keep control of Congress after the midterms.
Lawmakers consider tax-credit changes, another round of Regional Cities funding
Economic development officials from across the state presented a plan to the Fiscal Policy Committee that would establish a $100 million regional development tax credit and offer $150 million more for the Regional Cities Initiative.
Governor’s plan to hike toll-road fees receives final approval
The amendment to the state’s agreement with the private operator of the Indiana Toll Road requires the company to pay the state $1 billion and invest an additional $50 million in toll road improvements.
Race on for Indianapolis Public Schools to get voters to OK tax hikes
With less than two months until Election Day, the effort to pass two referendums to increase funding for Indianapolis Public Schools is gaining momentum.
Indiana governor’s proposed toll road hike criticized for secrecy
A proposed fee increase on heavy-duty commercial vehicles that use the Indiana Toll Road was negotiated without legislative involvement and with considerable secrecy, according to some Indiana lawmakers.
Indiana lawmakers consider crackdown on unsolicited calls
Lawmakers are looking into toughening the state's regulations for telephone solicitation to combat unwanted, and often illegal, sales calls.
As economy booms, U.S. cities report slowing revenue growth
The biggest drags on municipal finances stem from rising wages and the need to rehabilitate aging infrastructure.
State signs $77M contract to upgrade tax administration technology
The Department of Revenue will install and implement the new technology over four years, modernizing a system that has been in use for more than 25 years.
State settles sales tax lawsuit with four online retailers
American Catalog Mailers Association and NetChoice initially filed the suit against the state in June 2017, and Wayfair Inc. and Overstock.com joined the lawsuit in August 2017.
Tax appeals mushroom as Lilly, city squabble over years of assessments
The Indianapolis-based drugmaker has appealed its annual tax bill for its two massive campuses south of downtown every year since 2012.
Indiana gaming regulators enlist market experts to study sports betting legalization
In late July, the Indiana Gaming Commission entered into a two-year contract with Eilers & Krejcik Gaming LLC, a market analysis firm specializing in the nation’s burgeoning sports wagering industry.
Who’s in, out in small business tax break? It’s complicated
New rules floated by the Trump administration lay out what kinds of businesses can take a 20 percent deduction against income taxes under the new tax law.