Income taxes

S&P report: Stagnant incomes threaten Indiana revenues

September 15, 2014
Associated Press
Sales tax is Indiana's largest source of revenue. But it is tied to consumer spending, and Americans have become increasingly reluctant to spend as median incomes have remained virtually stagnant over the past 30 years.
More

Indianapolis council OKs public safety tax hike

September 8, 2014
Kathleen McLaughlin
In a 19-10 bipartisan vote, the Indianapolis City-County Council approved a hike in the public-safety income tax. The 43-percent increase will bring the total local income tax rate to 1.77 percent.
More

Indiana blocks $78 million in wrongful tax refunds

September 3, 2014
Associated Press
The state Department of Revenue says a special investigations unit discovered more than 39,000 returns relying on identity theft to falsely claim $39 million.
More

States could be expanding wealth gap with tax policies

June 5, 2014
Associated Press
Politicians in Indiana and other states hope tax cuts for businesses will boost their economies, but those and other moves could be contributing to the income gap limiting growth in U.S. consumer spending.
More

Law firms fight 'onerous' tax shift for service businesses

April 10, 2014
Indiana Lawyer Staff, Dave Stafford
The proposed switch in accounting methods could create cash-flow nightmares for medical-service providers, accounting, engineering, consulting and other professional-services companies with revenue over $10 million.
More

Deal on mass-transit legislation headed for vote

March 12, 2014
Jacob Rund, The Statehouse File
The compromise language does not include a provision to establish a light-rail system or an increase in corporate taxes. However, the legislation would still allow for an increase in individual income taxes pending voter approval.
More

Same-sex marriage tax benefits nixed by Senate

March 4, 2014
Associated Press
Indiana lawmakers voted to change a tax bill Monday, a move allowing the state to keep its current policy, which does not recognize same-sex marriages for tax purposes.
More

House committee mulls corporate contribution to mass transit

February 24, 2014
Kathleen McLaughlin
The Indiana House Ways and Means Committee is expected to vote Monday on a mass-transit bill and is considering an amendment that would require 10 percent of revenue to come from non-traditional sources.
More

Mayor wants to lure high-earners to boost income-tax baseRestricted Content

February 22, 2014
Kathleen McLaughlin
Mayor Greg Ballard's chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.
More

Indy Chamber proposes commuter taxRestricted Content

January 25, 2014
Kathleen McLaughlin
Indy Chamber is making the case for a commuter tax, arguing that it’s the best way to solve continual fiscal problems threatening to make Marion County, thus the whole metro area, less competitive.
More

State revamps its revenue forecasting after big miss

January 18, 2014
Kathleen McLaughlin
Growing ranks of dropout workers have nagged the economy throughout its recovery, and now Indiana’s budget forecasters feel they can’t ignore the trend. They recently revised their outlook on state revenue downward, partly because so many Hoosiers stopped looking for jobs.
More

Senate bill seeks to cut corporate income and property taxes

January 9, 2014
Olivia Covington,  The Statehouse File
The proposal from Republican leaders would make small companies exempt from tax on business equipment, and cleave the state's corporate income tax to the second-lowest in the nation.
More

Reagan's supply-side guru to address accountants in Indy

November 1, 2013
Chris O'Malley
Arthur Laffer is reviled by the big-government crowd for blaming high tax rates for slow economic growth. He'll discuss his cautionary tale for states while in Indianapolis next week.
More

Legislators collide over regional mass-transit plan

September 10, 2013
Kathleen McLaughlin
During a committee meeting Tuesday, Sen. Brent Waltz and Rep. Ed DeLaney crossed swords on a proposal that included widening roads and reforming the IndyGo bus service.
More

City officials mull income tax hike to add police officersRestricted Content

August 3, 2013
Kathleen McLaughlin
Facing pressure to boost the police force and avoid further cuts in city services, Indianapolis leaders head into the next budget season with open minds about a tax increase.
More

Budget includes tax cut, more school, road funds

April 25, 2013
Associated Press
Indiana taxpayers will see their personal income tax rate reduced by 5 percent over the next four years under a budget plan agreed to Thursday by lawmakers. The plan also repeals the inheritance tax retroactive to Jan. 1.
More

Pence makes final plea for tax cut in budget

April 17, 2013
Associated Press
While arguing for a 10-percent cut in the state's income tax, Pence also said he would like to see a quicker phase-out of the state's inheritance tax.
More

Revenue forecast could swing Pence's tax-cut hopes

April 9, 2013
Kathleen McLaughlin
The state revenue forecast due out April 16 will influence the next two-year budget and possibly help Gov. Mike Pence sell lawmakers on his proposed 10-percent income-tax cut. Experts predict the numbers won't be much different from those in the last forecast.
More

Senate budget pushes highway expansion, small tax cuts

April 4, 2013
 IBJ Staff and Associated Press
Indiana lawmakers and Gov. Mike Pence drew closer to a budget compromise Thursday with the unveiling of a $30 billion Senate plan that cuts the state income tax by $150 million and establishes a new roads fund.
More

Bosma faults tea party group, Pence for tax-cut woes

March 21, 2013
Associated Press
House Speaker Brian Bosma says a national tea party group's "erroneous" campaign ads have made it harder for lawmakers to support Gov. Mike Pence's proposal to cut Indiana's income tax by 10 percent.
More

Kenley drops out as sponsor of mass-transit bill

March 19, 2013
Kathleen McLaughlin
Already skeptical of a mass-transit plan for the Indianapolis metro area, influential Sen. Luke Kenley said he decided it was inappropriate to be listed as a sponsor without giving the bill his unqualified support.
More

Pence moves outside Indy to find tax cut support

February 27, 2013
Associated Press
Indiana Gov. Mike Pence is taking his pitch for a 10-percent cut in the personal income tax around the state after failing to lock down support for his signature legislative priority inside the Statehouse.
More

House advances central Indiana transit measure

February 25, 2013
Associated Press
The Indiana House has signed off on a measure that would let local residents vote for higher taxes to pay for a $1.3 billion expansion of the public transportation system.
More

GOP House blocks Dems' push for Pence tax-cut vote

February 21, 2013
Associated Press
House Republicans blocked a vote Thursday on Gov. Mike Pence's proposed tax cut, fending off — at least for now — an attempt by Democrats to force them into the awkward position of rejecting one of the new GOP governor's top legislative priorities.
More

Tax break would barely put dent in Speedway's to-do listRestricted Content

February 16, 2013
Anthony Schoettle
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
More
Page  1 2 >> pager
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