Stocks tumble after GOP cancels ‘fiscal cliff’ vote
House Speaker John Boehner scrapped a vote on his so-called “Plan B” on Thursday night after it became clear that it did not have enough support in the Republican-led House to secure passage.
Taxes
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Auditors: Tech issues, worker rush led to state tax errors
Auditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed accuracy for speed led to $526 million in tax errors from the state.
Indiana farmers fear estate tax changes
Indiana farmers say they have a lot to lose should the nation go over the so-called fiscal cliff, a set of automatic spending cuts and tax hikes set to take effect in January unless the White House and Republicans negotiate a compromise.
Deadline looms to refile for homestead tax break
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don’t complete and return a homestead verification form by Jan. 1.
Not-for-profits worry about impact of ‘fiscal cliff’
Middle-income taxpayers could pay thousands more in taxes starting in January. That could cause donations to non-for-profits to drop at a time when the organizations are still struggling to recover from the recession.
Tax software upstart proves appeal to major companies
AppealTrack’s simplicity gains attention in growing market for firms managing property tax appeals.
HICKS: Demagoguery and the truth about taxes
The popular media lately has been full of astonishing piffle with regard to taxation—so much so that a reasonably smart listener might suppose there was some magnificent disagreement among economists, like there is among lawyers in a court case. That is not the case.
Proposal would move up online sales tax collection
Two lawmakers say they plan to introduce legislation in the new year that would require Amazon.com and other online-only retailers with a presence in Indiana to begin collecting sales tax on July 1, 2013, six months earlier than expected.
Budget-writing Indiana lawmakers hear from agencies
Indiana's budget picture is slowly taking shape, but the big questions about tax collections, tax cuts and how much will be spent on education remain to be seen.
Proposal would move up online sales tax collection
Two lawmakers say they plan to introduce legislation in the new year that would require Amazon.com and other online-only retailers with a presence in Indiana to begin collecting sales tax on July 1, 2013, six months earlier than expected.
Johnson County weighs costs of new dispatch center
A central Indiana county's move to consolidate five emergency dispatch centers into one is raising concerns about how some communities will pay their share without raising taxes.
Indiana taxpayers to see $111 credit from surplus
Indiana taxpayers will receive a $111 credit on their state income tax returns next year as the state distributes part of its budget surplus. The credit will be $222 for couples filing joint returns.
State’s local income tax system isn’t keeping up with demand
A report by the Indiana University Public Policy Institute and Indiana Fiscal Policy Institute recommends streamlining the system.
Transit supporters set to kick off new campaign
The campaign, Indy Connect Now, will urge state legislators to allow voters to decide whether to fund an expanded mass-transit system in the area.
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.
Simon says Sandy caused minimal damage to shopping centers
A company spokesman said damage was minor at Simon’s malls and outlet centers in New York and other areas hit by the storm.
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.
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.