Overseas tax savings for U.S. drugmakers under threat
Eli Lilly and Co. and five other big drugmakers avoided paying $7 billion in U.S. taxes last year by shifting their profits overseas. The strategy has drawn the ire of some legislators.
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Love-hate relationship with D.C. money grows
On the same day last week that state budget director Chris Atkins announced Indiana would be able to tough out a series of automatic federal budget cuts, Lt. Gov. Sue Ellspermann announced the creation of a new office that will lobby for more federal defense spending.
Senate budget leader: Schools, roads need boost
Indiana lawmakers have been aggressive in cutting taxes in recent years, the state Senate's top budget writer said Thursday as his committee started reviewing a spending plan that leaves out Republican Gov. Mike Pence's proposed 10-percent income tax cut.
Federal cuts to hit Indiana jobless, National Guard
Indiana agencies are cutting jobless benefits, furloughing National Guard members and losing food funds for the Women Infants and Children program because of the automatic federal budget cuts, officials said Monday.
Indiana, Kentucky brace for new casino in Cincinnati
With a glistening $400 million casino set to open in downtown Cincinnati on Monday, officials and casino executives in two neighboring states are looking at the development with trepidation as they prepare to watch tax dollars flow into Ohio.
Let the sequester begin: Senate fails to block spending cuts
The $85 billion in across-the-board federal cuts are set to kick off on Friday, but will fall into place gradually over several months. The Obama administration has pulled back on its earlier warnings of long lines developing quickly at airports and teacher layoffs affecting classrooms.
Pence moves outside Indy to find tax cut support
Indiana Gov. Mike Pence is taking his pitch for a 10-percent cut in the personal income tax around the state after failing to lock down support for his signature legislative priority inside the Statehouse.
Six Indiana airports could see control towers close
The Federal Aviation Administration says control towers at airports in Gary, Muncie, Bloomington, Terre Haute, Columbus and West Lafayette could close if federal budget cuts take effect Friday.
Pence signs bill delaying new farmland taxes
Indiana Gov. Mike Pence has signed into law a one-year delay on new calculations for property taxes on farmland. The bill was the first one Pence has signed into law since becoming governor last month.
House advances central Indiana transit measure
The Indiana House has signed off on a measure that would let local residents vote for higher taxes to pay for a $1.3 billion expansion of the public transportation system.
City mulls creation of ‘high tech district’ for ExactTarget
ExactTarget Inc. could get a 10-year tax break on an unspecified investment in new equipment if the City-County Council agrees to designate several parcels tied to the Indianapolis-based company as a "high technology district."
GOP House blocks Dems’ push for Pence tax-cut vote
House Republicans blocked a vote Thursday on Gov. Mike Pence's proposed tax cut, fending off — at least for now — an attempt by Democrats to force them into the awkward position of rejecting one of the new GOP governor's top legislative priorities.
A2SO4 architectural firm reopens after temporary closure
The firm in historic Union Station had been ordered to shut down by the state because it owed more than $43,000 in delinquent taxes, but the state appears to have been mistaken in its decision.
Mass-transit bill amended, ready for House vote
A bill to let voters authorize higher taxes in central Indiana to pay for an expanded mass-transit system is ready for a full vote in the House after an amendment restricted who would be affected by it.
Senate OKs Indianapolis Motor Speedway funding plan
A plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval from the Indiana Senate.
Indiana panel advances $30B budget on partisan vote
A pair of Republican senators argued Tuesday for the personal income tax cut that Indiana Gov. Mike Pence has made his top priority, while House Republicans across the hall advanced a budget that swaps that cut for education and roads spending.
Legislature backs delay for Indiana farmland tax hike
New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.
Sex-abuse group proposes tax on Indiana strip clubs
A $5 tax charged patrons at the doors of Texas strip clubs generates more $10 million a year. Utah and Illinois also have recently enacted taxes or surcharges to fund programs for victims.
Indiana House drops tax cut for school, road money
House Republicans tossed out Gov. Mike Pence's call for a tax cut Friday, unveiling a $30 billion biennial budget that instead relies on Indiana's roughly $500 million annual surplus to restore education cuts and pay for road and bridge repairs.
Major Indiana casino overhaul faces doubts in Statehouse
The leader of the Indiana House is hesitant about the chances of an overhaul of state casino taxes and regulations aimed at helping them against growing competition from surrounding states.