Corporate income tax plan hinges on budget hurdles
A tight Indiana budget could thwart efforts in the Indiana General Assembly to improve the state economic climate by lowering the corporate income tax.
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Indiana overpays localities $610M over 3 years
State budget officials are seeking to recoup much of nearly $610 million overpaid to local governments in fiscal years 2009, 2010 and 2011 due to income tax revenue estimates thrown off by the lingering recession.
Daniels signs jobless-fund bill that unions fought
Indiana Gov. Mitch Daniels signed into law Thursday a plan aimed at fixing Indiana’s debt-ridden unemployment fund that labor unions had opposed because it will reduce jobless benefits for some people while softening business tax increases.
Panel OKs plan to cut Indiana corporate tax rate
A proposed cut of more than 20 percent in the state's corporate income tax rate would improve Indiana's business climate without hurting the state budget, the leader of the Indiana Senate's tax committee said Wednesday.
Indiana moving ahead with plan to fix jobless fund
Legislators aren't holding up a plan to fix Indiana's debt-ridden unemployment insurance fund as they wait to see whether the federal government will put off charging the states interest on what they owe.
HICKS: Trimming government fat tough, but necessary
Recognizing inefficiency in government is far more difficult than rhetoric suggests. The private sector has the blessing of the profits to guide decisions.
Lawmakers eye cutting corporate taxes
Legislators are moving ahead with a plan to cut Indiana's corporate income tax by about 40 percent while holding off on phasing out the state inheritance tax.
‘Clean energy financing districts’ face tough sell at Statehouse
Districts would finance solar panels and other clean-energy projects through special tax levies on participating properties.
Indiana took in more revenue than expected in January
So far this fiscal year, collections are ahead of the state's forecast by $78 million, or 1.1 percent.
Indiana officials hope to capitalize on Illinois’ tax woes
Governor, economic development officials look to lure companies to Indiana that now may find doing business in Illinois too costly. But a few experts question whether the state will see any immediate benefits.
Indiana senator set to propose lower corporate tax
Republican Sen. Brandt Hershman of Lafayette, who chairs the Senate Tax Committee, says Indiana’s corporate income tax is seen as a hindrance to job creation.
Neighboring states gleeful over Illinois tax increase
Neighboring states are plotting to take advantage of what they consider a major economic blunder and lure business away from Illinois.
Lawmaker wants homeowners to pay for pond safety
An Indiana lawmaker worried about the dangers posed by retention ponds wants nearby homeowners to foot the bill of erecting safety barriers such as guardrails.
Indiana lawmakers to face more tough budget decisions
When lawmakers open their new session Wednesday, they won't have some of the advantages they had during the last budget-writing debate in 2009. This time around, there will be no $1 billion in federal stimulus money to keep the budget afloat.
Indiana to stop mailing out state income tax forms
The State Department of Revenue estimates the change will affect about 1 million taxpayers and save the state about $200,000 in the next fiscal year.
New tax law packed with gifts for businesses
Millions of homeowners, however, might feel like they got a lump of coal. Homeowners who don’t itemize their deductions will lose a tax break for paying local property taxes.
Congress sends tax legislation to White House
Acting with uncommon speed, Congress sent President Barack Obama sweeping, bipartisan legislation late Thursday night to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for victims of the worst recession in 80 years.
Pence says federal tax package won’t help create jobs
Republican Congressman Mike Pence says he won't vote for the massive tax cut package coming before the House on Thursday, because he believes it "will do little to create jobs."
Business agenda might get friendly reception
With Republicans firmly in control of the Indiana General Assembly, businesses have a better chance of achieving some of their legislative objectives than they have for years.
Redistricting, education issues also on docket for General Assembly
Legislature will consider redistricting along with controversial education issues.