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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Indiana Budget Agency reported Friday that tax collections came in $54 million less than expected in February.
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.
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.
The Senate voted 33-15 Tuesday to advance the package, sending it to a conference committee of House and Senate members.
The Indiana House passed legislation to authorize new taxes for an expanded bus system but the bill is headed to a conference committee where lawmakers will try to find a compromise on the issue.
The House Ways and Means Committee and the Senate Tax and Fiscal Policy advanced two separate measures Tuesday that would cut the state's corporate income tax and the state's business equipment tax in certain cases.
A pair of legislative panels approved changes Tuesday for competing House and Senate tax measures that would cut taxes on business equipment and corporate earnings.
The Indiana House Ways and Means Committee is expected to vote Monday on a mass-transit bill and is considering an amendment that would require 10 percent of revenue to come from non-traditional sources.
Indiana Gov. Mike Pence said Tuesday he’s open to proposals to “fully replace” the revenue that local governments might lose under a Senate plan to cut the personal property tax for thousands of businesses across Indiana.
Indiana House lawmakers took up a Senate proposal to cut business taxes on Monday, as fiscal leaders continued working behind the scenes to craft a compromise package of cuts this legislative session.
