Homeless advocates pitch local sales-tax hike
CHIP, the Coalition for Homelessness Intervention and Prevention, said it wants Marion County taxpayers to create a permanent, dedicated source of funding for housing and services.
Taxes
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Lawmakers looking for solutions to online sales tax issue
At least one Indiana lawmaker plans to file a bill requiring the state to collect sales taxes from online retailers like Amazon.com. Other state lawmakers are working on a federal solution.
Indiana continues modest tax-collection gains
The state announced Thursday it took in nearly $41 million more than expected last month. The state overshot its estimates by a modest 3.8 percent although collections are vastly improved from a year ago.
Simon sues state over sales-tax loophole for Amazon.com
Simon Property Group Inc. has filed suit against the Indiana Department of Revenue in an attempt to force the state to collect sales taxes from Amazon.com Inc.
Charities disagree on potential impact of tax change
Not-for-profit-sector lobbyists are fighting President Obama’s proposal to limit the tax deduction for charitable donations. Yet some local fundraisers who could be affected by it aren’t concerned.
Court sides with racinos in tax dispute with state
A federal bankruptcy court has sided with two Indiana racinos in a dispute over their tax burdens, a ruling that could reduce the total amount they pay into state coffers by as much as $30 million per year.
Indiana senator pushes taxing online sales
Sen. Luke Kenley, R-Noblesville, plans to ask his Statehouse colleagues Thursday to help him lobby Congress for the right to tax online sales.
Lilly gets dinged for job cuts
Eli Lilly and Co. got called out in a recent report on companies that took advantage of the 2004 tax holiday on foreign profits and have since slashed jobs.
Indiana doles out $60 million interest payment to feds
The state owes $2 billion in federal unemployment insurance debt.
Marion County could get windfall from property tax sale
The sale of tax-delinquent properties brought in $13 million above the city’s expenses.
GOP candidates revive call to privatize Social Security
As President Barack Obama sidesteps ways to keep the retirement system viable, his would-be rivals are keen on letting younger workers divert part of their payroll taxes into some type of personal account to be invested separately from Social Security.
Obama to seek new income tax rate for wealthy
The president is going to call it the “Buffett Rule” for Warren Buffett, the billionaire investor who has complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers.
Dynasty trusts growing in popularity among super-rich
A tool allowing the super-wealthy to pass assets from one generation to the next without paying taxes is resurging among Hoosier investors.
Indiana Live to get federal hearing on tax matter
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
State tax collections improve slightly in August
The state said Tuesday it took in $12.3 million more in taxes than expected last month and that income and sales tax collections continued to improve through the end of August. However, gambling taxes from riverboat casinos came in $5.2 million less than expected.
Indiana property tax caps slice 2011 bills
Indiana property taxpayers saw their savings grow by 32 percent this year compared to a year ago thanks to statewide tax caps on their 2011 bills, according to a state report.
Court rules state overreached when it shut puppy mill
The state had seized and sold 240 dogs at business, citing $142,000 in unpaid taxes.
Library plans to restore hours at some branches
The financial picture for Indianapolis’ struggling public library system is expected to improve enough for leaders to consider restoring operating hours at 10 of its 23 locations next year.
Racinos ask federal court to lower their tax liability
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
Indiana counties wrestling with tax overpayment
City and county officials across Indiana are starting to wrestle with how they'll deal with the state's plan to recoup roughly $610 million it overpaid local governments for income taxes it expected to collect.