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.
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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.
Turbulent Indiana General Assembly just ahead
Scarce resources promise to vex lawmakers charged with writing a new budget when the Legislature convenes in January.
Indiana lawmakers plan to float corporate tax cuts
State lawmakers plan to propose reducing Indiana’s corporate income tax rate next year in a move they say will make the state a more appealing place for businesses to locate.
Fountain Square turning to first-of-kind tax to fund improvements
A Fountain Square group led by neighborhood business owners hopes to create an “economic improvement district” for the up-and-coming neighborhood, where additional tax revenue could be used for everything from litter cleanup and marketing to capital improvements.
Health insurance stocks rise after spending rules outlined
U.S. health insurers, including WellPoint Inc., can include the cost of federal taxes in determining whether they spend enough on patient care, the U.S. Health and Human Services Department said Tuesday.
COAN: Stocks will get worse before they get better
Looking at the final years of the Great Depression tells me that next year might not be so kind to investors.
Indiana voters OK property tax cap amendment
Indiana voters have overwhelmingly approved a constitutional amendment that will make property tax limits more permanent.
Tax-cap amendment means change for local government
Cuts in services, higher fees and consolidation of government units are possibilities, but advocates for the constitutional amendment say long-term certainty about property tax rates could benefit the economy.
Indiana voters deciding outcome of big GOP push
Indiana voters headed to the polls Tuesday amid Republican hopes for big gains in the state's congressional delegation and Legislature, but it wasn't immediately clear whether voters were turning out in the numbers the party had hoped for.
Voters expected to OK property-tax cap amendment
A recent poll found that more than 60 percent of likely voters support the proposed constitutional amendment, and some of the measure’s biggest opponents have given up the fight.
Ailing library eyes new funding source
A state lawmaker is pushing for a law that would allow Indianapolis’ public library system to get a share of local income taxes. But some already are balking at the concept, saying it would divert money from other agencies that need it.
Downtown tax district reaps unexpected windfall
The city has accumulated a $12 million surplus of funds from the downtown TIF district, raising questions from critics who wonder how the windfall came about.