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.
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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.
Campaign for IPS referendums gets a $100K boost from advocacy group
Stand for Children Indiana will also launch a vast door-knocking campaign in support of two referendums requesting an extra $272 million from taxpayers, the group announced Thursday.
Study: ‘Medicare for all’ would hike government health spending by $32.6T
The latest plan from Sen. Bernie Sanders would require historic tax increases as government replaces what employers and consumers now pay for health care, according to the analysis released Monday.
UPDATE: Indianapolis Public Schools again scales back referendum to win chamber support
The new proposal—which comes after a week of intense negotiations between the district and the chamber—passed 5-0 at a meeting Tuesday night.
Companies head for hearings to slow down tariffs on Chinese imports
Indiana-based Kimball Electronics said it might be forced to move manufacturing outside of the United States to avoid Trump’s tariffs on diodes and electric integrated circuits.
Auto industry cries foul as Trump moves toward car tariffs
President Trump’s latest plan is to consider slapping tariffs on imported autos and auto parts—a move he says would aid American workers but that could inflate car prices and make U.S. manufacturers less competitive.
Noblesville district seeks tax hike to fund more security at schools
Noblesville Schools announced Tuesday that it wants to expand its operating referendum on the Nov. 6 ballot. The hike would bring in an additional $50 million over eight years while doubling taxes under the current referendum.
Indiana finishes fiscal year with surplus, but corporate income taxes shrink
Indiana's sales and income taxes grew during fiscal year 2018, but corporate tax revenue was $318 million less than the previous year and $100 million less than projected.
Local firms bristle at Supreme Court sales tax ruling
The ruling allowing states to require retailers to collect sales taxes from online customers could mean millions of dollars of tax revenue. But a number of Hoosier companies say the ruling creates more questions than answers—and could lay a heavy burden on some small businesses.
Nations hitting back against U.S. tariffs in trade fight
The European Union is set Friday to slap tariffs on $3.4 billion in American products. India and Turkey have already targeted products ranging from rice to autos to sunscreen. And a showdown with China still looms.
Supreme Court rules states can force online shoppers to pay sales tax
The 5-4 ruling Thursday is a win for states, including Indiana, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impacted online sales tax collection.
Upping ante, Trump threatens new tariffs on Chinese imports
resident Donald Trump directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports on Monday as the two nations moved closer to a potential trade war.
Retailers fume over tax-law typo that makes renovations pricier
The industry, led by Target Corp., Best Buy Co. and KFC-owner Yum! Brands Inc., is pushing for a solution a last-minute drafting error that doubles the tax costs for badly-needed store renovations.
Business economists worry about possible recession in 2020
The National Association for Business Economics forecasting panel was upbeat on the near-term impacts of the $1.5 trillion tax cut that Congress passed in December.
Dems irked over Indiana tax changes made in special session
Democrats have argued it's a continuation of a trend pushed by the GOP in recent years to shift the tax burden from the wealthy onto the middle and working classes.
Trump renews tariff threat, complicating upcoming talks
The threats come just over a week after trade tensions between the world's two largest economies had seemingly eased.
New tax break may bolster neglected neighborhoods
Neglected neighborhoods in Indianapolis that have been targeted for development will soon have another way to attract investors.