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.
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.
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.
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.
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 lawmakers passed a law this spring claiming the state has a right to collect sales taxes from companies using only online transactions.
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.”
House Speaker Paul Ryan, R-Wis., vows that Republicans will complete tax reform this year despite myriad obstacles. But others are less optimistic.
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.
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.
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.
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.
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.
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.
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.
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.
The House approved the parental notification measure in a 75-23 vote, despite confusion over its effect. Seven Democrats voted in favor, while one Republican voted against it.
An Indiana Senate panel on Thursday advanced a two-year state budget plan with significant differences in funding for roads, entrepreneurship and education from the House’s plan.
Republican leaders have abruptly pulled their troubled health care overhaul bill off the House floor, short of votes and eager to avoid a defeat for President Donald Trump and GOP leaders.
Treasury Secretary Steven Mnuchin said Friday that after the initial congressional battle over health care, the administration plans to turn quickly to tax reform with the goal of getting a program approved by Congress by August.
