Articles

RYAN: Recession could prompt tax reform

A new study by the National Conference of State Legislatures shows that states have narrowed
a collective budget gap by $145.9 billion in the fiscal year that began July 1, only to be faced with another $28.2 billion
gap for the remainder of the fiscal year. And fiscal 2011 and 2012 are equally bleak.

Read More

Newly opened racinos already face credit crunch

Clear signs emerged in 2009 that the Hoosier gambling market is oversaturated.
Major credit rating agencies expressed concerns that several casinos, including the state’s new horse track “racinos”
on the outskirts of Indianapolis, might go bust before the year was finished.

Read More

Estate tax confusion leaving family businesses in limbo

Federal estate taxes are set to expire next year, but increase in 2011. Confusion is leaving family businesses like Greenwood-based Byrd Enterprises in limbo. Vice President Jonathan Byrd II is still sorting through the aftermath of his father’s August death.

Read More

Panel sends tax bills to state Senate

Bills aimed at adding caps on property tax bills to the state constitution and delaying increases on unemployment insurance
taxes are now before the full Republican-controlled Senate, weeks before the entire Legislature convenes on Jan. 5.

Read More