Focused, clear direction is needed to end recession
The solution to ending the current recession is not more trillion-dollar debt on future social health care, education and energy ideas, nor any increase in taxes.
The solution to ending the current recession is not more trillion-dollar debt on future social health care, education and energy ideas, nor any increase in taxes.
House Bill 1338 introduces a change to many (but not all) of our state’s tax incentives, adding what is known as a “clawback” provision, offering a reasonable and fair adjustment to our current tax incentives.
Whether it’s structuring local government to fit the 21st century, financing sports stadiums, achieving property tax reform or putting the state’s unemployment fund on sound footing, our leaders consistently show their failure to lead.
Raising Indianapolis’ tax on hotel rooms — already one of the highest rates in the nation — could be the tipping
point that causes conventioneers to bypass Indianapolis, some industry experts say.
Raising the taxes to 5 percent-6 percent for a company like mine would be devastating, even though I have few employees.
Replacing all sales taxes with an import tax/tariff is among several reforms that would solve the nation’s economic crises.
Shoring up the state’s jobless-fund shortfall likely will cost employers and employees more.
Positive action, action for the sake of action, and inaction were all on tap in the General Assembly in recent days as lawmakers
prepared to wrap up the first half of the session.
After a surprisingly slow month of January, the pace of legislative action picked up considerably during the first two weeks
of February.
I agree 100 percent that Colts’ owner Jim Irsay should step up to the plate to help bail out the Capital Improvement Board debt and that Colts’ ticket holders should be taxed.
Local contractors will be ready to pounce when bidding on the first parts of the combined overflow project begins in 2011.
Soaring property taxes were arguably Indiana’s biggest problem in 2007. In 2008, the Legislature approved property tax caps
as a solution. But because the caps haven’t been implemented, debate is still raging over the consequences the caps will have
for local governments and whether they should be made permanent.
Property-tax caps should help Hoosier homeowners save a bundle next year.
Several major issues with business implications are expected to receive ample attention when legislators convene next month,
particularly the continuing saga of property-tax relief and the state’s ability to pay jobless benefits.
Indiana Gov. Mitch Daniels has no plans to repeat Indiana’s tax-amnesty program that recovered about $245 million from delinquent
payers in 2005.
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
We have a long-standing policy of not endorsing political candidates, but there’s no such policy where ballot initiatives
are concerned. So we urge our readers to vote "yes" on assessor consolidation.
In this election, citizens must decide whether the assessing duties of the elected township assessor in the township should
be transferred to the county assessor.
Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.
In 2005, assessors valued the 559-acre Indianapolis Motor Speedway at $34.4 million for property tax purposes. According to
the latest Marion County reassessment, it now has a market value of $170 million. Thousands of other businesses also would
see extraordinary spikes in property values, according to an IBJ analysis of the latest assessment data.