EDITORIAL: Council’s $15M CIB raid is shortsighted
Democrats on the Indianapolis City-County Council who voted to plug a hole in the city budget by charging the Capital Improvement Board $15 million risk creating more problems than they solved.
Taxes
Articles
Marion County refigures property values amid errors
Indianapolis taxpayers wondering what their property is worth might have to wait until December because of widespread errors discovered in local assessments.
State Senate leader warns city about raiding CIB funds
Council Democrats want to take funds from the Capital Improvement Board’s $67 million cash reserve to help shore up the city’s budget. But State Sen. Luke Kenley lobbed a threat that might make them think twice about pursuing the proposal.
CIB standing firm against city plan to tap reserves
The Capital Improvement Board on Monday adopted a formal resolution opposing a plan by some City-County Council Democrats to tap CIB coffers to plug the city’s budget gap.
Indiana House GOP makes no guarantee on tax cuts
Tax cuts being pushed by gubernatorial candidates are hardly guaranteed a rubber stamp from lawmakers, Republican House Speaker Brian Bosma said Thursday as he rolled out the 2013 agenda for his caucus.
Indiana House GOP makes no guarantees on tax cuts
Tax cuts being pushed by gubernatorial candidates are hardly guaranteed a rubber stamp from lawmakers, and a state constitutional ban on same-sex marriage could win quick approval next year, Republican House Speaker Brian Bosma said Thursday.
Norquist to headline immigration forum in Indianapolis
The National Immigration Forum is organizing the daylong event. It will include Midwestern business, civic and religious leaders discussing possibilities for immigration reform.
Report: Indy visitors pay high taxes for travel
Visitors pay among the highest travel taxes in the nation when they come to Indianapolis — 17 percent on hotel rates, 15 percent on rental cars and 9 percent on meals.
Council tables vote on TIF proposal after lawsuit
Facing a lawsuit from a city activist, the Indianapolis City-County Council put off voting Monday night on a long-delayed proposal to expand a downtown tax-increment financing district.
Neighborhoods back new ‘north-midtown’ TIF area
The Indianapolis City-County Council will have more than one big tax-increment finance issue to consider at a meeting Monday night. A new TIF district stretching from Fall Creek to White River along College Avenue will be introduced.
Study: Indiana tax code discourages small businesses
A new study of Indiana's business tax structure suggests the state's tax code discourages the small, home-grown businesses often considered the engines of job creation.
Commuter subsidies often go unnoticed
In a dark little corner of the tax code known as Section 132(f), the IRS lets employers provide tax-free benefits—typically, payroll deductions and/or subsidies—to employees for commuting costs. That includes vans, buses, bikes, trains, and even parking. And both parties can save, since they’re not getting dinged for their respective taxes on the amount of the benefit.
Indiana governor hopefuls talk education, infrastructure
Despite their political differences, the three men running for Indiana governor outlined similar outlooks for running the state during a forum Tuesday, from proposing improved job training to imposing tax cuts. But which taxes should be cut and when highlighted their differences.
Hoosier politicians offer tax cuts for all stripes
Hoosiers have a pick of candidates looking to succeed Gov. Mitch Daniels who are ready to slash their taxes for them.
Audit of $526M in state tax errors could take months
Representatives of the accounting firm Deloitte told Indiana budget leaders their assessment of what needs to be audited could last through August. The audit itself could take months longer after that.
Indiana closes year with $2.1B in cash reserves
Indiana's state government is sitting on cash reserves of $2.15 billion following a year of continued budget cuts and improved tax collections.
Daniels touts tax credit from $2B Indiana surplus
Indiana Gov. Mitch Daniels is touting state cash reserves he says will send an additional $100 to each Indiana taxpayer through automatic tax credits next year.
Commission to recommend more limits on local TIFs
A study commission on tax-increment financing will vote Thursday evening on a set of policy recommendations that would limit the use of TIF districts in Indianapolis.
House swipes at health law with repeal of medical device tax
Republicans in the U.S. House joined with 37 Democrats to pass a bill repealing a medical-device tax, chipping away at the 2010 health-care law in a victory for companies including Indiana-based Zimmer Holdings Inc. and Boston Scientific Corp.
Racing simulator lands real tax break for two-seaters
Legislature agreed to extend to Indy Racing Experience the same sales-tax exemption enjoyed by race teams.