Articles

Budget includes tax cut, more school, road funds

Indiana taxpayers will see their personal income tax rate reduced by 5 percent over the next four years under a budget plan agreed to Thursday by lawmakers. The plan also repeals the inheritance tax retroactive to Jan. 1.

Read More

Revenue forecast could swing Pence’s tax-cut hopes

The state revenue forecast due out April 16 will influence the next two-year budget and possibly help Gov. Mike Pence sell lawmakers on his proposed 10-percent income-tax cut. Experts predict the numbers won’t be much different from those in the last forecast.

Read More

Higher payroll taxes take toll on restaurants

So far, 2013 has been “a roller coaster ride” for Indiana eateries, according the state trade association’s president. Industry observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.

Read More

Kenley drops out as sponsor of mass-transit bill

Already skeptical of a mass-transit plan for the Indianapolis metro area, influential Sen. Luke Kenley said he decided it was inappropriate to be listed as a sponsor without giving the bill his unqualified support.

Read More