The bill that President Donald Trump signed Monday night to reopen the federal government included a two-year delay in implementing a tax on medical devices, bringing praise from Indiana-based Cook Group.
Some in the booming U.S. solar-power industry are hoping a decision this week by President Donald Trump doesn’t bring on an eclipse.
Indiana House Speaker Brian Bosma said lawmakers could move an incentives bill “expeditiously” to attract Amazon’s proposed second headquarters, if necessary, but he wouldn’t be in favor of doing what Wisconsin did to lure Foxconn.
Apple said it plans to build another corporate campus and hire 20,000 workers during the next five years as part of a commitment to the United States that will be partially financed by an upcoming windfall from the country’s new tax law.
House Bill 1341 allows people to operate automated vehicles on public highways but only under certain conditions. Critics, including auto manufacturers, said the bill would stifle innovation.
Advocates say removing Indiana’s sales tax on many service-based software transactions would be a step in the right direction for the state’s growing tech industry.
The Supreme Court agreed Friday to wade into the issue of sales tax collection on internet purchases in a case that could force consumers to pay more for certain purchases and allow states to recoup what they say is billions in lost revenue annually.
The Pokagon Band of Potawatomi Indians is set to open the Four Winds Casino South Bend to the public on Tuesday, joining three other casinos the tribe already operates nearby in southwestern Michigan.
Public utility regulators from Oklahoma to Massachusetts are considering lowering the rates that homeowners and businesses pay, after the passage of a federal tax overhaul that reduced the corporate income tax rate by 14 percent.
Taking the first concrete step toward the Republican tax plan’s promise of fatter paychecks for millions, the Trump administration on Thursday issued new guidelines for how much employers should withhold as taxes from workers’ pay.
Corporate tax cuts are already spurring dozens of big U.S. companies to give employees bonuses, but economists say it could take years before the cuts result in significant pay raises.
Gov. Eric Holcomb is asking lawmakers to clarify that the state’s sales tax doesn’t apply to software provided on the cloud. But that’s not the only tech-related legislation introduced at the General Assembly.
Thousands of residents in central Indiana pre-paid their property tax bills before Jan. 1, resulting in more than $31 million in early payments, according to research by IBJ. The early payments marked a significant increase for most areas.
The medical-device industry will see a resumption of the 2.3 percent federal excise tax beginning this month, following a two-year moratorium that expired Dec. 31.
But it’s unclear whether some of the people prepaying will actually be able to claim the deduction, as the IRS has issued guidance that limits what qualifies.
Indiana Sen. Todd Young said he believes the tax bill “is going to give a major boost to our economy, creating an environment that’s ripe for jobs and small business growth.” Two months ago, he said he was concerned with overestimating growth potential.
Craft breweries are raising a glass to the new tax overhaul. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in corporate finance.
The new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.
The big changes in the federal tax code aren’t happening in a vacuum. They will force officials in most states to decide whether to apply similar changes, while some residents ponder whether they now might be better off living somewhere else.
A university spokesman says the sweeping overhaul of the nation’s tax laws that Congress approved Wednesday would cost the university up to $9 million per year.
