State manufacturers float relocation tax credit idea as tool to lure workers
The Indiana Manufacturers Association is also hoping the state will allow local governments to offer relocation tax incentives to build upon any that the state offers.
Taxes
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Senate GOP tentatively agrees to $1.5T plan for tax cuts
The broad-brush tax cut number, if approved by the Senate, would pave the way for tax writers to slice corporate and individual tax rates and curb tax breaks in hopes of boosting economic growth.
Fountain Square, Fletcher Place businesses weigh special tax to fund safety, upkeep
Property owners are voting on establishing a precisely targeted district that would help them pay for improvements to the up-and-coming neighborhoods.
Trump officials temper expectations for 15 percent corporate tax rate
Treasury Secretary Steven Mnuchin and Legislative Affairs Director Marc Short both said Trump is still committed to cutting the rate from 35 percent to 15 percent, but acknowledged the potential for compromise.
Trump to push tax overhaul but leave details to Congress
President Trump wants corporate taxes to drop from a top rate of 35 percent to a top rate of 15 percent. But it’s not clear if it will end up being that low in the plan, or what kind of break a typical taxpayer would see.
State sues to defend new law requiring out-of-state retailers to pay sales tax
The state of Indiana has been clamoring to collect sales tax from out-of-state retailers. The only problem is a U.S. Supreme Court decision that says it can’t.
Mile Square residents to vote on funding spiffier upkeep, improved services
The owners of about 1,200 downtown properties soon can expect to receive petitions asking for them to financially support improvements for the city's core, potentially raising $3 million per year.
Health insurers struggle to win reprieve of Obamacare tax
Insurers like Indianapolis-based Anthem and conservative groups are scrambling for ways to at least delay the health-insurance tax, or HIT, following the collapse of health-care legislation in July.
Holcomb not ruling out tax increase if GOP cuts Medicaid
Indiana Gov. Eric Holcomb is not ruling out a tax increase should congressional Republican efforts to repeal President Barack Obama's health care law result in cuts to Medicaid, which funds the state's HIP 2.0 program.
Indiana likely to go to court over online sales tax collections
Indiana lawmakers passed a law this spring claiming the state has a right to collect sales taxes from companies using only online transactions.
Budget mess grows deeper and deeper for Indiana’s neighbor
Already holding the title for longest state budget stalemate, Illinois is poised to enter a third year without a spending plan. Unpaid bills are piling up, and rating agencies are threatening to downgrade the state’s credit to “junk.”
GOP budget deadlock imperils hopes for tax overhaul
House Speaker Paul Ryan, R-Wis., vows that Republicans will complete tax reform this year despite myriad obstacles. But others are less optimistic.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
Suit alleging Kroger stores didn’t collect sales tax reverts to state court
A lawsuit alleging Kroger stores in Indiana have for years knowingly failed to collect and remit state sales tax on hundreds of non-exempt food items and other goods will be heard in state court after a judge denied the grocers’ bid to transfer the suit to federal court.
City set to rescind tax breaks for planned Interactive Intelligence expansion
The company that bought Interactive Intelligence last year for $1.4 billion has fallen short of the Interactive’s hiring and investment goals and is vacating a new, $12.4 million office building on the northwest side.
Indiana governor signs budget, bills affecting vaping, roads, schools chief, more
Gov. Eric Holcomb has signed into law Indiana’s two-year budget, an infrastructure funding plan, a vaping-overhaul measure, a school-chiefs bill and legislation affirming the religious liberties of students.
Trump unveils plan to cut corporate, personal taxes
President Donald Trump proposed dramatic cuts in corporate and personal taxes Wednesday in an overhaul his administration asserts will spur national economic growth and bring jobs and prosperity to America’s middle class.
UPDATE: Trump to propose massive tax cuts for businesses
President Donald Trump plans to propose tax cuts for businesses big and small as part of an overhaul that he says will provide the biggest tax cuts in U.S. history.
Lawmakers pass budget with investments in education, entrepreneurism
The final version of the bill eschews a proposed $1 per pack cigarette tax increase. But it includes many of Gov. Eric Holcomb’s priorities.
Roads deal would raise taxes, generate $617M in 2018
The deal—which has the support of both House and Senate leaders—means drivers will pay more at the pump and more when they register their vehicles.