Articles

Report backs simpler Indiana local tax system

A new report on Indiana's local income taxes urges state legislators to simplify a system that has seven types of taxes and a two-year lag before the money collected by the state is distributed to local governments.

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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.

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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.

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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.

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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.

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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.

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