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.
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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.
Centaur holding out hope for live dealers at racinos
Centaur Gaming plans to release an annual report this week that plays up its charitable contributions and tax payments as state senators debate whether to allow the company to add live dealers at its central Indiana racetrack casinos.
Existing casinos concerned about proposed Pokagon casino
Because Four Winds Casino would be on land-in-trust controlled by a Native American tribe, it would not be subject to the same tax and regulatory system as other casinos in Indiana.
Debate on common wage repeal lingers during contractor event
A proposal to repeal the state law that sets wages for public construction projects requires further study instead of a quick vote, opponents of the measure said Monday at the Indiana Statehouse.
U.S. sent 800,000 Healthcare.gov customers wrong tax info
The Obama administration says it sent about 800,000 HealthCare.gov customers the wrong tax information, and officials are asking those consumers to delay filing their 2014 taxes.
UPDATE: Local tax overhaul added to bill allowing casino changes
Local economic agreements between the state’s casinos and local communities would be scrapped and the admissions tax that provides revenue to local governments eliminated.
Senate panel backs bill dealing with big-box store values
The Senate Tax and Fiscal Policy Committee unanimously supported a bill requiring certain special-purpose properties to be assessed based on the cost of construction for the first seven years.
Big-ticket item cut from Pence’s tax-simplification plan
The proposal to extend a sales-tax exemption to equipment purchases by manufacturers was expected to cost Indiana as much as $240 million per year in tax revenue.
Pork purveyor to build $43.5M facility, hire 260
John Morrell Food Group, one of the oldest meat manufacturing firms in the nation, plans to build and equip a massive refrigerated distribution center just east of Indianapolis.
Legislation tackles big-box retail valuation issue
The bill comes as assessors around the state worry that recent Indiana Board of Tax Review decisions in favor of Meijer and Kohl’s will force them to slash the value of big-box stores during the upcoming spring assessment cycle.
House backs off Pence plan to cut higher ed tax credit
The Indiana House is dropping one unpopular part of Gov. Mike Pence’s proposed tax overhaul – and another key section that would help some businesses is in jeopardy.
Tax ‘simplification’ bill raises numerous questions
Indiana lawmakers are considering legislation that would eliminate $21 million in annual tax cuts for businesses and individuals, bolster a break for the working poor, and expand a sales tax exemption for businesses.
Legislators look at cutting college tax credit, other breaks
One of the 29 tax breaks targeted for elimination allows up to a $200 credit for contributions to Indiana universities or colleges.
More Indiana audits planned with local government fees boost
The state auditing agency would hire about 100 more field examiners to review spending by local governments and school districts under a plan being considered by Indiana lawmakers.
Transit advocates push to increase state funding
A fund for public transportation could be debated before the House Ways and Means Committee after Rep. Randy Truitt filed a bill that would provide about $20 million more per year than Gov. Mike Pence proposed.
Bill seeks to limit referendums to general elections
Lawmakers raised questions and community leaders testified against a bill that would require that referendums for school and government construction projects occur only during general elections every other year.
IRS cuts taxpayer services as filing returns gets harder
The Internal Revenue Service is reducing taxpayer services to historically low levels just as President Barack Obama's health law will make filing a federal tax return more complicated for millions of families.