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Governor signs tax-cut, economic development bills

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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.
 

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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