Senate bill would stop paying gambling counties
The change would save the state $24 million in 2015 and another $48 million each year thereafter—all money that’s now being collected from gambling taxes and sent to cities, towns and counties.
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Bill to support Speedway with state taxes passes committee
The Indiana Senate Appropriations Committee on Thursday morning unanimously passed a bill that would capture state tax money generated at the Indianapolis Motor Speedway and give it back to the track to improve the facility.
Architectural firm A2SO4 ordered to cease operations
The Indiana Department of Revenue has revoked the Indianapolis firm’s retail merchant certificate, alleging it owes more than $43,000 in taxes.
Speedway businesses eye gains from IMS upgrade
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
Senators look to sunset city’s ticket, excise tax hikes
Legislator says the recent tax increases aren’t being used for the purpose intended when such increases were authorized in 2009.
Earlier online sales tax collection clears Indiana House
Amazon.com and other online-only retailers would have to start collecting Indiana's 7-percent sales tax this summer under a bill approved overwhelmingly by the Indiana House.
City-County Council approves north-side TIF district
A new redevelopment area will be created on the north side, as the Indianapolis City-County Council voted 23-5 Monday night in favor of the North Midtown tax-increment finance district.
Top senators eye state’s sales tax for road needs
Indiana lawmakers looking to plug a hole in state transportation spending are considering diverting the state's sales tax on gasoline to transportation.
Bill aimed at boosting Indiana casinos advances
The Senate Public Policy Committee voted 9-0 in support of a bill that would overhaul the state's casino taxes, along with allowing Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at the two horse track casinos.
Marion County assessor bracing for more tax appeals
Marion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing appeals from previous years that the office is continuing to wade through.
Bill seeks earlier date for online retailers to collect taxes
Hoosiers may be required to pay a 7-percent sales tax on top of their Amazon purchases starting July 1 if a proposed House bill is adopted.
Mass transit group kicking off promotional campaign
Indy Connect, the local initiative supporting a $1.3 billion expansion of the transit system, plans to begin an advertising campaign for the proposal on Friday.
Indiana wind energy industry wants longer tax credit
Officials with Indiana's wind energy industry say they are relieved by Congress' one-year extension of a tax credit but contend it will take a longer-term approach to grow the industry and create jobs in the state.
‘Cliff’ deal sends stocks up, but problems lurk
The "fiscal cliff" compromise, even with all its chaos, controversy and unresolved questions, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year.
No deal in sight as deadline for fiscal cliff nears
Lawmakers are engaged in a playground game of "who goes first," daring each political party to let the year end without resolving a Jan. 1 confluence of higher taxes and deep spending cuts that could rattle a recovering, but-still-fragile economy.
Competition blamed for state casino revenue drop
The latest state revenue forecast projects annual casino tax revenue will decline by about $42 million, or 9 percent, for the second year of the new two-year state budget.
Stocks tumble after GOP cancels ‘fiscal cliff’ vote
House Speaker John Boehner scrapped a vote on his so-called “Plan B” on Thursday night after it became clear that it did not have enough support in the Republican-led House to secure passage.
Auditors: Tech issues, worker rush led to state tax errors
Auditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed accuracy for speed led to $526 million in tax errors from the state.
Indiana farmers fear estate tax changes
Indiana farmers say they have a lot to lose should the nation go over the so-called fiscal cliff, a set of automatic spending cuts and tax hikes set to take effect in January unless the White House and Republicans negotiate a compromise.
Deadline looms to refile for homestead tax break
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don’t complete and return a homestead verification form by Jan. 1.