After a three-hour meeting in a room packed with supporters of the Indy Eleven, a City-County Council committee on Tuesday narrowly advanced a proposal for a taxing district on the east side of downtown to support a potential Major League Soccer stadium.
Some advocates wonder if the proposed reclassification of marijuana could be the game changer that opens the floodgates for legalization in the state’s 2025 legislative session.
Officials say the tariffs will help thwart China’s efforts to dominate the market for emerging technologies in ways that pose risks to U.S. national security and economic stability.
With the measure passing Tuesday night, the district will become the first to share some of its property tax revenue with eligible charter schools as mandated by a 2023 state law.
The gubernatorial proposal from Doden zeroes in on seniors, who often live on fixed incomes and struggle to keep up with rising costs.
The IRS stopped processing new claims in September, but said it will likely resume processing sometime this spring.
U.S. Sen. Mike Braun, former Indiana Secretary of Commerce Brad Chambers, Lt. Gov. Suzanne Crouch, Fort Wayne businessman Eric Doden, former Attorney General Curtis Hill and political newcomer Jamie Reitenour weigh in on where they fall on the state’s biggest tax issues.
Indianapolis’ planned Mile Square economic enhancement district will likely operate from a smaller tax pool and with a majority state-appointed board under state legislation.
The audits will focus on aircraft used by large corporations and high-income taxpayers and whether the tax purpose of the jet use is being properly allocated, the IRS says.
An Indiana Senate committee on Tuesday adopted an amendment to a bill originally aimed at disbanding the recently-created Mile Square economic enhancement district, essentially keeping the designation in place, but with several changes.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax even though many people did not qualify for such free offerings.
It is understandable that it might be politically difficult for lawmakers to consider any sort of tax increase in an election year in which 125 of the 150 state legislators will have to face voters. But it represents an issue of such import that we believe they should put their own political livelihoods aside.
The majority of people who testified about the bill were against it, arguing that it would undo the work of corporate and civic leaders to boost perceptions of downtown in the aftermath of the pandemic and the 2020 protests for racial justice.
The bill would reinstate a tax deduction for personal casualty losses that was removed by congressional Republicans in 2017. The deduction covered sudden or unexpected events such as floods, fires, earthquakes—and thefts.
New legislation would repeal language included in the 2023 state budget that gave the city of Indianapolis the authority to create a special Mile Square taxing district to pay for downtown enhancements and a low-barrier homeless shelter.
Nearly 5 million people, businesses and tax-exempt organizations—most making under $400,000 per year—will be eligible for the relief starting this week.
Indiana coffers took in about $1.37 billion worth of taxes in November, but remained below expectations for a second straight month this fiscal year, which began in July.
It’s unclear if lawmakers are open to rolling back the measure, which was slipped into the 2023 state budget without public input. However, the push for a change has a powerful ally in former Indiana House Speaker Brian Bosma.
Conservative and liberal justices voiced concerns that ruling for a couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code.
The 19-5 vote, which followed party lines, creates an economic enhancement district—or EED—bound by North, East, South and West streets—the Mile Square—that would see increases to property taxes within those boundaries.
