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.
Taxes
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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.
U.S. industries can start counting their benefits from tax law
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.
Wealthy Americans flood advisers to take advantage of tax law
The new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.
Tax overhaul could mean fallout for state, local governments
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.
Notre Dame to pay millions under tax reform bill
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.
Congress delivers massive tax reform package to Trump’s desk
The epic overhaul of U.S. tax laws offers generous tax cuts for corporations and the wealthiest Americans while providing smaller cuts for middle- and low-income families. It’s projected to increase the national debt while potentially boosting economic growth.
Senate moves tax cut legislation to brink of final passage
After midnight—as protesters interrupted with chants of "kill the bill, don't kill us"—the Senate narrowly passed the legislation on a party-line 51-48 vote.
UPDATE: Forecast projects $400M less in tax revenue for Indiana
Much of the anticipated shortfall is due to a sharp decline in corporate income tax collections as businesses claim all the state tax credits they’re entitled to, rather than applying them in future years.
Trump relishes progress on rolling back federal rules
The Office of Information and Regulatory Affairs said the administration completed 67 deregulatory actions and taken three regulatory actions through the end of September that would result in a cost savings of $570 million a year.