Kochs launch $4M campaign against Donnelly, McCaskill
The television and online ads are critical of Sen. Joe Donnelly of Indiana and Sen. Claire McCaskill of Missouri for voting against the federal tax overhaul.
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Banks poised to reap big gains from tax reform
Bankers and industry experts say the federal tax reforms passed late last year will give an especially big boost to banks.
Indiana House Republicans kill bill to raise smoking age to 21
House Republicans justified the decision, stating that their calculations indicate the change would cost state government $14 million a year in lost cigarette tax revenue.
Not-for-profits brace for impact of tax bill
Charities are waiting to see whether new tax changes, which will reduce the number of Americans who qualify to lower their federal tax bills by using a deduction for giving, will also reduce donations.
Bill to end government shutdown delays medical device tax for two years
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.
Solar industry on edge as Trump weighs tariffs on panels
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.
Bosma says Legislature might move on Amazon incentives this session
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.
UPDATE: Apple to build second campus, hire 20,000 in $350B pledge
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.
Bill to regulate autonomous vehicle use moves forward
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.
Panel advances bill to exempt some software from sales tax
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.
Supreme Court to hear sales tax collection case
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.
New tribal casino ramping up Indiana gambling competition
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.
Some utility rates could go down due to corporate tax cuts
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.
IRS rolls out new tax tables for promised bigger paychecks
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.
As companies give bonuses, prospect of pay gains still hazy
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.
Tax, education, broadband bills top legislative priorities for tech industry
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.
Indianapolis-area counties see big surge in early property tax payments
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.
Return of medical-device tax dismays firms across state
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.
Area residents rush to prepay property taxes to try to secure deduction
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.
Young chooses growth potential over deficit concerns in vote for tax bill
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.