Online grocer plans 238 jobs in Indianapolis
Peapod Inc., an online grocery-delivery service, is seeking city tax incentives to help it with an expansion that would create 238 jobs by 2018. The jobs would pay about $15 per hour.
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Council OKs smoke-detector ordinance, road repair funds
The Indianapolis City-County Council voted 24-5 Monday night to update the city code on smoke detectors. It also voted 24-5 to spend $8.3 million from the Rebuild Indy fund on emergency road repairs.
U.S. House votes to revive expired research tax credit
The 274-131 vote follows calls to restore the credit by a coalition of companies including Indianapolis-based Eli Lilly and Co. and Texas Instruments Inc.
Removing false homestead exemptions to yield bonanza
Marion County stands to receive tens of millions of dollars from property owners who’ve been claiming false homestead deductions when this spring’s tax bills are collected.
CIB OKs Pacers subsidy after promise of no additional taxes
The city’s Capital Improvement Board on Monday afternoon unanimously approved a $160 million, 10-year finance package to the Indiana Pacers for the operations of Bankers Life Fieldhouse.
Law firms fight ‘onerous’ tax shift for service businesses
The proposed switch in accounting methods could create cash-flow nightmares for medical-service providers, accounting, engineering, consulting and other professional-services companies with revenue over $10 million.
Tax revenue stabilizes in March but still behind for fiscal year
For the fiscal year – which began July 1 – total tax collections are still about $71 million behind the estimates used to write the current two-year budget.
Pence continues to seek repeal of medical device tax
A number of Indiana lawmakers – including both of the state’s U.S. senators – have advocated for the elimination of the tax, in part because the state is home to several key medical device manufacturers.
Sweetener maker plans $21M in improvements, 151 new jobs
Carmel-based Heartland Food Product Groups is seeking nearly $1 million in tax breaks on building work and new equipment for its Indianapolis production facility.
Several education-related bills signed into state law
In addition to approving legislation to end Common Core standards in Indiana, Gov. Mike Pence on Monday signed four other education-related bills into law.
Governor signs tax-cut, economic development bills
Indiana Gov. Mike Pence on Tuesday morning signed into law a package of state business tax cuts approved by lawmakers earlier this month as well as several other business-related bills.
Big businesses fight over Indiana energy program
Two giant corporations that sell products that save electricity want Gov. Mike Pence to veto a bill that would halt the program called Energizing Indiana.
City to consider $7.7M bond issue to assist Broad Ripple project
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
Apparel firm requests tax break on $15M project
OSP Group is in the midst of re-evaluating its national distribution network and has identified major improvements needed at the center, which employs 625.
Financial emergency sparks cuts in Connersville
The city’s clerk-treasurer estimates the city's general fund will have less than $15,000 in the bank as of May 1, yet its monthly payroll and claims typically exceed $700,000.
Indiana lawmakers pass package of business tax cuts
The corporate income tax and state banking tax would be reduced to 4.9 percent and local governments would be left to decide whether to cut the business equipment tax.
Deal on mass-transit legislation headed for vote
The compromise language does not include a provision to establish a light-rail system or an increase in corporate taxes. However, the legislation would still allow for an increase in individual income taxes pending voter approval.
Tax collection woes raise concern among leaders
The Indiana Budget Agency reported Friday that tax collections came in $54 million less than expected in February.
Soccer team owner concedes battle for stadium funds this year
The owner of the Indy Eleven soccer franchise has conceded that his push for state financing help for a proposed 18,500-seat, $87 million stadium in Indianapolis will have to wait on the bench for another legislative session.
Same-sex marriage tax benefits nixed by Senate
Indiana lawmakers voted to change a tax bill Monday, a move allowing the state to keep its current policy, which does not recognize same-sex marriages for tax purposes.