Indiana business tax changes still worry some mayors
Some local-government officials around the state remain concerned about changes Indiana lawmakers are considering to the state's property tax on business equipment.
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Bill seeks bigger tax breaks for individuals, families
The bill, backed by Gov. Mike Pence and authored by Chairman Tim Brown, R-Crawfordsville, would tie individual and family tax deductions to increases in inflation.
Business tax cuts take next step at Statehouse
A Senate committee voted Tuesday to eliminate Indiana’s property tax on equipment for small businesses and further cut the state's corporate income tax.
Governor backs alternative business tax cut
Indiana Gov. Mike Pence threw his support behind House Republicans’ watered-down business tax proposal Tuesday amid outcry from local leaders over the potential to damage their already cash-strapped budgets.
City-County Council, mayor settle on TIF policy
Mayor Greg Ballard’s administration has agreed to a new policy around creating and managing tax-increment finance districts. The policy is headed to the City-County Council for approval.
Senate bill seeks to cut corporate income and property taxes
The proposal from Republican leaders would make small companies exempt from tax on business equipment, and cleave the state’s corporate income tax to the second-lowest in the nation.
Senator hopes to revive state incentive for filmmakers
Democratic Sen. Lonnie Randolph’s bill would provide as much as a 40-percent tax credit on productions. With legislators cool to the idea last year, Randolph and supporters are gearing up for a long fight.
Report: Ditching business property tax shifts burden to others
Gov. Mike Pence’s plan to eliminate the tax on business equipment would mean significantly higher taxes for other property owners if the state took no specific action to protect them, according to a new analysis.
Pence wants tax credit for adoptive parents
Under the proposal, taxpayers benefiting from the federal adoption credit would be able to claim an additional credit on their state return.
Declining tax collections eat away at state’s fiscal footing
Indiana’s fiscal picture is looking good with about $2 billion in cash reserves and a strong credit rating, but the next few years could leave the state in a fiscal pinch.
Pence makes another pitch for business tax cut
Talking to entrepreneurs at a center for business start-ups, Pence said the state can’t compete with its neighbors for private investment without eliminating the personal property tax on business equipment.
Some worry about eliminating Indiana business tax
A proposal to phase out Indiana's property tax on business equipment and machinery has many local government leaders concerned about another big revenue hit.
Mayor pushing plan to use city funds to upgrade Natatorium
Mayor Greg Ballard is proposing to pay about half of the $20 million needed to upgrade the Natatorium at IUPUI. The city's Capital Improvement Board is also considering setting aside tax revenue for operation expenses.
Councilor: $100M deal hanging on Fishers tax hike
A private company is weighing a $100 million investment in Fishers, Town Council member Scott Faultless said Monday, but the project depends on adopting a 1-percent food-and-beverage tax that’s still the subject of heated debate.
Hearing draws lively debate on Fishers food-drink tax
The Fishers Chamber of Commerce and some individual business owners are on opposite sides of a debate over imposing a 1-percent food-and-beverage tax to help fund economic development efforts in the town.
Fishers looking to fund development with tax hike
Suburban neighbors already impose 1-percent levy on food and beverage sales.
T2 Systems loses tax break over technicality
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
IBJ rolls out politics website
The central Indiana business news authority has elevated the idea behind its popular Forefront section and created a website similarly focused on commentary about politics, policy and government.
Marion County, Simon tangle over value of malls
A years-long fight between Marion County and mall developer Simon Property Group Inc. has moved to the Indiana Tax Court as a judge weighs vastly different estimates of the values of Lafayette Square Mall and Washington Square Mall.
Congress votes to end shutdown, avoid default deadline
Up against a deadline, Congress passed and sent a waiting President Barack Obama legislation late Wednesday night to avoid a threatened national default and end the 16-day partial government shutdown.