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.
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.
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.
Indiana lawmakers are working toward final agreement on several tax and spending issues in the last days of this year's legislative session.
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.
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.
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.
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.
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.
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.
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.
Indiana's state tax collections came in slightly below projections for January, the first monthly shortfall since the new state budget year began last July.
Indiana casinos saw their take from gambling fall in 2011, and new competition in Ohio and perhaps other neighboring states virtually guarantees things will get worse from here.
Supporters of new legislation say the wealthy shouldn’t have to leave the state to avoid the tax.
An Indiana Senate committee is advancing a plan to put more money into state savings accounts before automatic tax refunds go out to taxpayers.
The Indiana Retail Council is opposing a deal struck between Gov. Mitch Daniels and Amazon to begin collecting sales tax in 2014.
Amazon.com will begin collecting Indiana's 7-percent sales tax from customers in 2014 under an agreement with the state announced Monday.
State Sen. Luke Kenley is floating the idea of using an online sales tax to help replace revenue that wouldn't be collected if a proposal to eliminate the state's inheritance tax becomes law.
Congress on Friday approved a two-month renewal of payroll tax cuts for 160 million workers and unemployment benefits for millions, handing President Barack Obama a convincing victory for his jobs agenda.
A state tax processing error resulting in $320 million more in the bank for the state and improved tax collections could put a nominal amount back in Hoosiers' purses and wallets next year. But a bi-partisan thirst to restore education funding and pay down state debts could just as easily take that refund away.
