Indiana state tax collections take May dip
May's state tax revenue came in $143 million below projections. That comes after April's revenue was up about $159 million due to faster-than-usual tax returns processing.
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Articles
Local sales tax could aid economic development
Most local economic development organizations rely on private contributions and some government money to support their efforts. But an unstable economy has led to some belt-tightening and soul searching on alternative ways to fund the associations.
Candidate Gregg proposes lifting state’s gas tax
Democratic gubernatorial hopeful John Gregg's first bite of Hoosier populism is likely to run up against some hard economic realism: $540 million is a lot of money to account for.
MORRIS: Fair is fair … or is it?
I always want to make sure I paid my fair share. I can’t stress this point enough. I don’t want to be a slacker.
$526M in state tax foulups spur questions about oversight
In both rounds of errors, computer programming related to the state's tax-return-processing system is being blamed.
Indiana panel set to start review of $205M tax error
A leading legislator said he expects the State Budget Committee to take some time reviewing a second computer programming mistake made by the Indiana Department of Revenue that short-changed local governments by about $205 million.
Daniels reputation on line with Indiana’s $205M tax error
Gov. Mitch Daniels has built a national image as a persnickety fiscal manager with an eye for detail, but two massive accounting errors that have tilted Indiana's books by more than half-a-billion dollars threaten to tarnish that reputation as the popular Republican prepares to leave office.
Indiana officials step down after $205M in local taxes mishandled
The head of Indiana's Department of Revenue and two other officials are resigning after $205 million in local option income taxes were not distributed to counties. Marion County will get an extra $41 million from the oversight.
Brainard seeks deal on maxed-out TIF
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
Daniels signs inheritance-tax, kindergarten-funding bills
Indiana Gov. Mitch Daniels on Tuesday signed a rollback of the state's inheritance tax. The law will decrease the state's inheritance tax in stages beginning next year until it is eliminated after 2021.
Lawmakers end right-to-work dominated session
Indiana lawmakers came roaring into their 2012 session with a battle over right-to-work legislation. Now they are leaving quietly with a new statewide smoking ban, changes to the state's education system and rules giving homeowners the right to forcibly keep police from entering their homes.
Indiana tax revenues concern Senate budget leader
The Indiana Senate's budget leader says a two-month shortfall in state tax revenues won't threaten plans for directing more money toward full-day kindergarten programs and victims of the state fair stage collapse.
Talks continue on Indiana tax, spending plans
Indiana lawmakers are working toward final agreement on several tax and spending issues in the last days of this year's legislative session.
Indiana senators approve state fair, education money
State senators allocated more state money for victims of the Indiana State Fair stage collapse and full-day kindergarten as part of a broad spending plan approved Wednesday.
Indiana House votes to phase out inheritance tax
The Indiana House on Tuesday approved a 10-year phase-out of the state's inheritance tax that now brings in about $160 million a year.
Johnson County weighs pros, cons of wheel tax
After five years, members of the Johnson County Council will need to decide whether to keep the wheel tax in place. The fee has collected more than $13.8 million total for local governments.
Deals expected on Indiana inheritance tax, tax refund
Budget leaders in the Indiana Legislature are nearing agreement on plans for phasing out the state's inheritance tax and changing the automatic taxpayer refund so that it could only be triggered every other year.
Couple accused of tax fraud turning the tables on state
Real estate investor Chris Marten and his wife, Janice—a longtime Carmel jeweler—charge in a new federal lawsuit that investigators trampled on their constitutional rights during the inquiry, which resulted in 28 criminal charges.
UPDATE: Obama proposes cutting corporate tax rate
President Barack Obama’s plan would trim the corporate tax rate from 35 percent to 28 percent. In turn, corporations would have to give up dozens of loopholes and subsidies that they now enjoy.
Councilor seeks review of city’s TIF-district strategy
Brian Mahern, a Democrat on the City-County Council, plans to propose a study commission to examine the effectiveness of TIF districts, how property tax caps will affect them, and ways to increase transparency for the complicated financing vehicles.