IBJNews

House lawmakers advance pair of Pence measures

Back to TopCommentsE-mailPrintBookmark and Share

The Indiana House unanimously approved two of Republican Gov. Mike Pence's top priorities for 2014 on Monday, both aimed at providing tax support for families.

The House voted in favor of measures increasing personal income tax exemptions and establishing an adoption tax credit. Both measures won broad bipartisan support Monday shortly ahead of a key midterm deadline for lawmakers.

The income tax plan would automatically increase tax exemptions according to the consumer price index, saving individuals an additional $16 or so each year. The state's current individual tax exemption is $1,000, which means that amount is deducted from a person's taxable income. The plan also increases the child tax exemption, from $1,500 to $2,000, while also setting that to increase each year according to the consumer price index.

The adoption proposal would create a state tax credit, a reduction in the tax itself, for families that qualify for an existing federal tax credit for adoptive parents. It also establishes a study committee that would examine ways to promote adoption.

"Many times parents do not adopt kids because of the expense; that shouldn't be the case," said Rep. Rebecca Kubacki, R-Syracuse, who has adopted children herself.

Monday's votes marked a pair of fairly easy victories for Pence, who has seen some of his other priorities pared back by state lawmakers.

Pence has spent much of his second meeting with the General Assembly pushing for the phase-out of the state's tax on business equipment and the creation of vouchers for preschool-aged children. Republicans, who control large margins in both the House and Senate, have crafted their own measures with fractions of what the governor initially sought.

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
  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

  2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

ADVERTISEMENT