Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. But a complex web of requirements is casting doubt on whether anyone will be able to receive the full $7,500 credit.
State governments emerging from the coronavirus pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections.
IPS heads into the new year amid public disagreement between district officials and some charters over how much funding from the referendum should be split up between different schools, if voters approve it.
A total of 52.9 cents per gallon in state taxes will be charged during January under rate changes released Tuesday by the Indiana Department of Revenue.
Indiana’s high smoking rate and poor health rankings demand a solution that lawmakers have avoided for far too long.
Dozens of charter school parents and students packed the board room before the vote and called on the board to share more of the referendum money.
Leaders from 52 charter schools argued that the annual amount from the tax proposal IPS has offered to share with its innovation network charters would still leave a big funding gap between charter students and those in the district’s traditional public schools.
The court, with no noted dissents, rejected Trump’s plea for an order that would have prevented the Treasury Department from giving six years of tax returns for Trump and some of his businesses to the Democratic-controlled House Ways and Means Committee.
The American Cancer Society is emphasizing the need to discuss an increase to the state’s cigarette tax, which at 99 cents per pack is the 39th-lowest tax rate in the country.
Sixteen states reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.
States’ finances recovered more quickly than anticipated after the sharp dip in early 2020 due to the pandemic, bolstered by higher-than-anticipated tax revenues.
Money from a recent $80 billion infusion for the IRS from the so-called Inflation Reduction Act will be used to help audit high-income earners who do not pay their full tax liability.
Without approval for the new levies, suburban and rural districts alike say they will be forced to cut staff and likely see an increase in the number of students in a classroom.
Thirty-three Indiana communities have a food and beverage tax: a 1% sales duty levied on businesses that sell or help sell food and drink. In some localities, both the municipality and county have one, stacking up to 2%.
The last time monthly revenue didn’t meet expectations was September 2021, when collections missed the mark by 0.1%.
The government said some families might be leaving up to $3,600 per child unclaimed, as well as other payments owed to them.
The council voted 8-1 in favor of the 1% food and beverage tax that would raise an estimated $3.2 million a year toward the construction of the Fishers Events Center.
Indiana could earn between $341 million and $943 million in taxes from iGaming over three years, depending on the rate adopted.
Most of those Indiana recipients could have up to $20,000 forgiven because they received Pell Grants, which are provided to students whose families can’t help them pay for college.
In addition to introducing plans for the new tax hike, the Fishers City Council on Monday unanimously approved plans for Andretti Autosport’s $200 million headquarters and an updated headquarters-expansion proposal by Italy-based Stevanato Group.
