Indiana on track to meet tax-amnesty collection goal
The tax amnesty is being counted on to provide $84 million for the state’s new Regional Cities program and $6 million to support Amtrak’s Hoosier State line between Indianapolis and Chicago.
Taxes
Articles
Mayoral foes: City must draw residents to bolster tax revenue
Attracting higher-wage residents is key to future growth as city revenues have stagnated and local governments have become increasingly reliant on income taxes. Republican Chuck Brewer and Democrat Joe Hogsett are proposing ways to bolster Indy neighborhoods.
Businesses could save $327M if state pays off federal loan
Businesses will pay $126 per employee to the federal government next year if the state doesn’t pay off a loan that propped up the unemployment program during the Great Recession before Nov. 10.
Cleveland appeals ‘jock tax’ ruling to U.S. Supreme Court
The case has widespread implications for pro athletes and cities with sports franchises that tax visiting players’ incomes. It’s rooted in part in a challenge brought by former Indianapolis Colt Jeff Saturday.
Indiana tax amnesty begins, aims to collect at least $90M
Indiana's second tax amnesty period in the past decade is under way, giving delinquent taxpayers a chance to pay their tax bills free of penalties, interest and collection fees.
All property tax bills could jump if retailers win appeals
Uncertainty still looms over how much retail assessment appeals could reduce revenue for local governments, libraries and schools or whether they’ll shift costs to other taxpayers, including businesses and homeowners.
Westfield pays taxes, rent on Grand Park
In an arrangement observers are calling unusual, the city of Westfield has been paying hundreds of thousands of dollars in rent and property taxes for land at Grand Park.
Republic Airways planning training center south of airport
The $3.85 million project would allow the regional carrier to train as many as 5,000 employees per year.
Hurco plans to add manufacturing workers at local HQ
Hurco Cos. Inc. plans to move some of its manufacturing operations from Italy to Indianapolis, creating 35 local jobs by the end of 2017, the company disclosed in a tax-abatement request with the city.
Hamilton Southeastern Schools considering spring referendum
The Hamilton Southeastern School Board on Tuesday morning postponed a vote that could have put a referendum over a property-tax hike on the November general election ballot.
Watchdog: Budget cuts lead to poor taxpayer service at IRS
Only 37 percent of people who called the IRS for help during tax season were able to reach a person, the report said. For those who got through, the average time on hold was 23 minutes.
Food manufacturer plans $110M expansion of local plants
Chicago-based Ingredion, which makes starches, sweeteners, texturants and nutritionals, is seeking city tax incentives to help it pay for major investments in its south-side operations.
Month-long Indiana tax amnesty set for fall
Delinquent state taxpayers will have a chance to pay up without penalty under a tax amnesty program that will take place Sept. 15 through Nov. 16.
Lilly Endowment pledges $5M for city plaza revamp
The announcement follows the October unveiling of the design for the City-County Building plaza overhaul, which is expected to cost $10 million.
Library hires first architects for $58M in new branches, upgrades
Trustees have selected Indianapolis architectural firms to design the first two of six new branches scheduled to be built between 2016 and 2022.
State still working on details of tax amnesty program
The revenue department has identified approximately $400 million in outstanding liabilities that may be eligible for collection during the tax amnesty period.
Legislation protects county assessments on big-box stores
A new measure on the taxation of big-box stores is expected to help Indiana counties avoid fiscal disaster, but national retailers aren’t happy about it.
NFL relinquishing long-held tax-exempt status
In a letter to team owners, Commissioner Roger Goodell said the league office and its management council will file returns as taxable entities for the 2015 fiscal year. Goodell said the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their income.
Tax revenue misses projections again
Indiana’s new tax collections report shows state revenue was short of projections for the seventh time in the past nine months.
State tax revenue falls short for 7th time in 9 months
The report from the State Budget Agency comes as the General Assembly faces a deadline in three weeks to finish work on a new two-year state spending plan.