IBJNews

Governor signs tax-cut, economic development bills

Back to TopCommentsE-mailPrintBookmark and Share

Indiana Gov. Mike Pence on Tuesday signed into law a package of state business tax cuts approved by lawmakers earlier this month.

The governor attended an event Tuesday morning in Greenwood to sign a bill (Senate Bill 1) cutting the state's corporate income tax and providing options for county leaders to reduce property taxes on business equipment.

Pence had sought the elimination of the state's property tax on business equipment, but he faced strong opposition from local government leaders worried about losing a key source of revenue. The tax plan approved by lawmakers amounts to a portion of what Pence originally sought.

Pence also signed House Bill 1035, which requires the Indiana Economic Development Corp. to conduct an assessment of Indiana's regional metropolitan areas.

In addition, the governor also signed:

HB 1198, which eases the requirements for entrepreneurs to start and grow their businesses by mandating executive agency participation in the Business One Stop online portal;

SB 375, which allows new fundraising tools for entrepreneurs, including online crowdfunding;

SB 421, which cuts red tape and unnecessary licensing requirements for Indiana employers;

SB 111, which protects Indiana farmers from unanticipated increases in their property taxes.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT