Debating where to turn as Bush tax cuts near expiration
With a deadline looming, supporters and detractors debate extending tax cuts signed by former president George W. Bush.
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UPDATE: Group pushing for constitutional property tax cap
Gov. Mitch Daniels joined others in promoting passage of a referendum that would make property tax caps in Indiana part of the state constitution.
Report: State must cut spending, hike taxes or both
Dwindling tax revenues will cause a projected $1.3 billion budget gap as the state enters its next budget, according a report released Thursday by the Indiana Fiscal Policy Institute.
State reserves down nearly half despite spending cuts
Indiana brought in $957 million less in revenue than it budgeted for fiscal year 2010, forcing it to use almost half its reserves,
Indiana State Auditor Tim Berry announced Friday morning.
Shelbyville, county plan economic development projects
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for
economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month
or two.
Medical device maker plans Warsaw expansion
Biomet could add about 280 jobs with the $26 million project, which would lead to some manufacturing being transferred from
New Jersey.
Gary casino appealing $27 million in taxes
Officials say they believe a northwestern Indiana casino might owe $5 million more in back property taxes than previously
estimated.
Gary mayor wants casino taxes paid before license vote
Gary Mayor Rudy Clay is calling for the Majestic Star casino to pay $22 million in overdue Lake County taxes before state
regulators vote on whether to renew the Gary casino's license.
Indiana revenue collections tick up, but miss projections
The State Budget Agency said Thursday that collections through 11 months of the current fiscal year stand about $1 billion
below the budget passed by the General Assembly in June 2009.
Fieldhouse feud results in tax refund for theater owner
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse’s opening
drove his patrons away.
The IRS agreed.
Lilly, others cut U.S. tax bills through transfer pricing
U.S. companies, including Eli Lilly, amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of
last year. That cumulative total increased 70 percent over three years.
MOUNAYAR: Indianapolis should rediscover public spaces
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
Struggling firms stash away losses to cut future taxes
Conseco expects its write-offs will be worth more than $800 million over the next 20 years.
Indiana revenue up for first time in more than a year
March marked the first time in 17 months that monthly revenue collections exceeded the same period in the prior year. But year-to-date collections remain $867 million below a budget forecast last May.
Former Shelbyville office manager charged with embezzlement
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.
Indiana freezes some medical savings account rolls
The new federal health care bill will put 500,000 more Indiana residents on Medicaid and lead to higher state taxes, Gov.
Mitch Daniels said Monday, but a government insurance proponent said it will help families and businesses.
Year delay in unemployment tax hike won’t satisfy Uncle Sam
Hoosier legislators are crowing about the deal they just brokered to delay a $400 million state tax hike meant to shore up
Indiana’s bankrupt Unemployment Insurance Trust Fund. Here’s what they’re not touting: the mandatory federal tax increases
every single business in Indiana now faces the next three years.
HICKS: Taxation not top factor in attracting business
Businesses care about taxes to be sure, but the availability of a pool of well-trained workers is at the forefront of most business-location decisions.
MARCUS: Lower business taxes don’t stimulate hiring
A job is the
foundation of self-esteem, the linchpin for connecting to the community, the instrument by and through which the individual
connects with the greater international marketplace and derives the income that provides security for the family.
Social Security to start cashing Uncle Sam’s IOUs
This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected
to pay out more in benefits than it collects in taxes. And its giant coffers have been raided over the years for other government
expenses.