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.
Taxes
Articles
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.
The gavel drops: Legislature ends session with compromises
The Indiana General Assembly finally adjourned its 2010 legislative session early Saturday with deals including a one-year
delay on unemployment insurance tax increases and aid for schools reeling from state budget cuts.
In about-face, state lawmakers find compromise late Friday
Both parties reportedly agreed to tentative deals on the issues that threatened to push the legislative session all the way
to the brink, including a one-year delay for a planned increase in unemployment taxes.
State lawmakers remain divided; deal by Sunday in doubt
The impasse between the two parties over a delay in an unemployment-tax increase is expected to drag the legislative session
into the weekend. "Nobody is talking right now," says one legislator.
Full Indiana House returns, but impasse continues
The full Indiana House returned to the Statehouse after a five-day break, but partisan differences remained over an unemployment
insurance tax bill.
Talks resume at Statehouse after brief impasse
Negotiations on some major issues resumed in the Indiana General Assembly on Monday after a meltdown occurred last week.
Indiana General Assembly still at an impasse
The Republican-controlled Indiana Senate kept working Friday while House Speaker Patrick Bauer adjourned his Democrat-led
chamber until Wednesday.
Indiana tax collections for February down $86 million
Tax collections for February fell $86 million below a revised December forecast. Revenue is down $166 million in the first
three months since that forecast.
Indiana House OKs tax-increase repeal, jobs bill
The Indiana House approved legislation Wednesday that would repeal an unemployment-insurance tax increase and approved a package
of tax credits and other incentives designed to create jobs.
Indiana House votes to repeal tax hike on employers
The legislation would repeal an increase on taxes that employers pay into the state’s unemployment insurance fund, which is
deeply in debt to the federal government.
House panel OKs delay in unemployment tax hike
An Indiana House committee endorsed legislation Wednesday that would delay for one year increases in taxes that employers
pay into the state’s bankrupt unemployment insurance fund.
Meetings start public discussion of regional transit plan
Indy Connect will hold its first public forum Tuesday evening to begin the process of gathering public input on a regional
transportation plan that proposes raising taxes to build a light-rail line, improve bus service and expand roadways.
State jobless fund tax increase becomes hot topic
Whether to delay increases in taxes that employers pay to Indiana’s unemployment insurance fund is becoming a
contentious issue in the General Assembly.