White House: Trump budget will hike defense spending by $54B
To counter defense-spending increases, the president plans to propose corresponding cuts to domestic programs and foreign aid.
Taxes
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Committee endorses transit tax hike, sends plan to full council
The City-County Council committee vote came after Mayor Joe Hogsett’s top adviser urged members to say yes—the first time the mayor’s office had expressed an opinion publicly about whether the tax increase should pass.
‘Bottoms Up’ beer-dispenser maker faces tax-break termination
The Metropolitan Development Commission is slated to vote Wednesday to terminate a tax-abatement agreement with Indianapolis-based GrinOn Industries LLC, makers of the “Bottoms Up” beer-dispensing system, which fills cups from the bottom.
Fountain Square eatery temporarily closed by state
The Asian restaurant that’s been closed since Feb. 1 isn’t set to reopen until Feb. 15, allegedly due to violating state tax code, according to a sign on the door.
Gas pump advertising campaign targets Indiana fuel tax hike
A trade association will soon adorn gas pumps across Indiana with ads opposing a Republican plan to use higher fuel taxes to pay for infrastructure repairs.
State health advocates hope proposed cigarette tax reduces smoking
Public health officials say the increase is a proactive approach toward reducing the smoking rate and would serve as a deterrent for young people to even begin.
GOP president, Congress could dump medical-device tax
For years, medical-device makers in Indiana and around the nation have insisted that the 2.3 percent tax on sales to help fund the Affordable Care Act has hurt business and slowed innovation.
State committee passes bill to raise cigarette tax, hike smoking age
The measure also removes employment protections for smokers, raises the age for purchasing cigarettes to 21 and directs more money to tobacco-cessation programs.
Bosma: ‘Education’ needed to sell voters on tax increase
Indiana House Speaker Brian Bosma said Thursday that Republicans "need to continue educating the public" about the need for a tax increase that would be used to fund infrastructure projects around the state.
UPDATE: Indiana lawmaker proposes big pay increase for governor, others
The measure by Republican state Sen. Randy Head comes as legislators are considering a tax increase to fund infrastructure projects.
As GOP proposes deep tax cuts, states can offer lesson in feasibility
Those pledging to cut federal taxes to boost the economy might consider looking first at lessons learned in GOP-controlled states, such as Indiana, that adopted similar strategies, only to see growth falter or budget gaps widen.
Indiana lawmakers propose bills to change RV sales tax law
Two proposed bills in the Indiana Legislature aim to exempt out-of-state buyers of recreational vehicles from having to pay state sales tax, even if their states don't have a reciprocal agreement in place.
Holcomb calls to use $500M fund from Toll Road lease to fund entrepreneurship
Gov.-elect Eric Holcomb, who announced his legislative agenda Thursday, has roughly the same idea as Gov. Mike Pence when it comes to investing in early-stage Indiana companies, but wants to pay for the plan through a different fund.
House Republicans’ road plan includes gas-tax increase, user fees
The proposal calls to raise three taxes and implement new user fees. House Speaker Brian Bosma said he expects the plan to cost most Hoosiers about $4 per month.
Budget top priority as lawmakers head back to Statehouse
As GOP leaders preach frugality ahead of the annual legislative session that kicks off Tuesday, they are also planning for a big increase in infrastructure spending—and are considering raising taxes of some kind to pay for it.
City officials to vote on Rexnord’s $381K tax-break clawback
The resolution directs the manufacturer to pay back the money and authorizes the Department of Metropolitan Development “to take such action as is necessary to recover said damages.”
GOP leaders says some type of tax hike needed for Indiana roads
Incoming Gov. Eric Holcomb has said he wants to develop an infrastructure plan that could cover the next 20 years. But he has yet to weigh in on specifics and hasn't indicated his stance on a tax increase.
Report: Tribal casino may cut Indiana revenue by $355M
A tribal casino set to open in South Bend in 2018 could reduce Indiana's tax revenue by more than $350 million in its first five years, according to a report released Tuesday by a group that represents most of Indiana's commercial casinos.
Workers at endangered Indiana plant feel forgotten by Trump
Connecticut-based United Technologies, the parent firm of Carrier Corp., said in a statement that its plans to send 700 Huntington jobs to Mexico haven’t changed.
City-County Council votes to expand downtown TIF district
Council members voted 24-1 to include in the TIF district the former General Motors stamping plant property and the Market East District.