Taxes

Court nixes Obamacare subsidies for Indiana, 35 other states

July 22, 2014
 Bloomberg News and IBJ Staff
The Obamacare tax credits that brought nearly $400 million to Indiana this year to help Hoosiers buy health insurance could go away after a federal appeals court ruled Tuesday they were illegal.
More

Report: Carmel panel may face TIF shortfall but can pay debts

July 17, 2014
Andrea Muirragui Davis
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
More

UPDATE: Indiana surplus tops $2B after spending cuts

July 14, 2014
Associated Press
The cash reserves for Indiana's state government grew to more than $2 billion after spending cuts by most state agencies and a reduction in state funding for higher education.
More

Government made $100B in improper payments in 2013

July 9, 2014
Associated Press
By its own estimate, the U.S. government made about $100 billion in payments last year to people who may not have been entitled to receive them.
More

Ex-Center Township trustee official charged with theft

July 1, 2014
Scott Olson
Federal prosecutors on Tuesday charged former CFO Alan S. Mizen, 59, of Zionsville with theft and embezzlement of federal program funds. If found guilty, he faces up to 10 years in federal prison.
More

Pence seeks review to simplify Indiana tax code

June 24, 2014
Associated Press,  The Statehouse File
Gov. Mike Pence said Tuesday he wants to review Indiana's tax code to simplify it and promote economic development. His comments came at the Tax Competitiveness and Simplification Conference, which culled general ideas for tax reform from a mix of national and state tax experts.
More

Pence hosts conservatives for Indiana tax summit

June 24, 2014
Associated Press
The governor is hosting a group of state and national tax experts to consider ways to overhaul the state's tax code.
More

Obama says U.S. should provide paid maternity leave

June 23, 2014
Bloomberg News, Associated Press
The president is touting paid maternity in the midst of a midterm election campaign focused on women voters, without describing the details of how he would fund such a system.
More

Interactive Intelligence seeks city tax breaks for expansion

June 17, 2014
Dan Human
Indianapolis is considering nearly $2.6 million in tax breaks over 10 years as an incentive for Interactive Intelligence's planned $28 million investment.
More

Court: School districts can't charge for bus rides

June 10, 2014
 The Statehouse File
The Indiana Court of Appeals says a Marion County school district acted unconstitutionally when it indirectly charged fees for students to ride buses to school.
More

Southwest Ohio gamblers spending less in Indiana

June 10, 2014
Associated Press
An analysis found that gamblers for the first time are spending more at the Cincinnati casino and two racinos in the region than in neighboring southeast Indiana.
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

State plans conference to examine tax structure

June 4, 2014
Seth Morin, The Statehouse File
More than 200 local and national tax professionals and policy makers will participate in the Indiana Competitiveness and Simplification Conference on June 24 at the Indiana Government Center.
More

Online grocer plans 238 jobs in Indianapolis

June 2, 2014
 IBJ Staff
Peapod Inc., an online grocery-delivery service, is seeking city tax incentives to help it with an expansion that would create 238 jobs by 2018. The jobs would pay about $15 per hour.
More

Council OKs smoke-detector ordinance, road repair funds

May 12, 2014
Kathleen McLaughlin
The Indianapolis City-County Council voted 24-5 Monday night to update the city code on smoke detectors. It also voted 24-5 to spend $8.3 million from the Rebuild Indy fund on emergency road repairs.
More

U.S. House votes to revive expired research tax credit

May 9, 2014
Bloomberg News
The 274-131 vote follows calls to restore the credit by a coalition of companies including Indianapolis-based Eli Lilly and Co. and Texas Instruments Inc.
More

Removing false homestead exemptions to yield bonanza

April 22, 2014
Kathleen McLaughlin
Marion County stands to receive tens of millions of dollars from property owners who’ve been claiming false homestead deductions when this spring’s tax bills are collected.
More

CIB OKs Pacers subsidy after promise of no additional taxes

April 14, 2014
Anthony Schoettle
The city’s Capital Improvement Board on Monday afternoon unanimously approved a $160 million, 10-year finance package to the Indiana Pacers for the operations of Bankers Life Fieldhouse.
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

Tax revenue stabilizes in March but still behind for fiscal year

April 7, 2014
 The Statehouse File
For the fiscal year – which began July 1 – total tax collections are still about $71 million behind the estimates used to write the current two-year budget.
More

Pence continues to seek repeal of medical device tax

March 31, 2014
 The Statehouse File
A number of Indiana lawmakers – including both of the state’s U.S. senators – have advocated for the elimination of the tax, in part because the state is home to several key medical device manufacturers.
More

Sweetener maker plans $21M in improvements, 151 new jobs

March 31, 2014
 IBJ Staff
Carmel-based Heartland Food Product Groups is seeking nearly $1 million in tax breaks on building work and new equipment for its Indianapolis production facility.
More

Governor signs tax-cut, economic development bills

March 25, 2014
Associated Press
Indiana Gov. Mike Pence on Tuesday morning signed into law a package of state business tax cuts approved by lawmakers earlier this month as well as several other business-related bills.
More

Several education-related bills signed into state law

March 25, 2014
Allie Nash, The Statehouse File
In addition to approving legislation to end Common Core standards in Indiana, Gov. Mike Pence on Monday signed four other education-related bills into law.
More

Big businesses fight over Indiana energy program

March 20, 2014
Associated Press
Two giant corporations that sell products that save electricity want Gov. Mike Pence to veto a bill that would halt the program called Energizing Indiana.
More
Page  1 2 3 4 5 6 7 8 9 10 >> 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
  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

  4. GOOD DAY to you I am Mr Howell Henry, a Reputable, Legitimate & an accredited money Lender. I loan money out to individuals in need of financial assistance. Do you have a bad credit or are you in need of money to pay bills? i want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan at 2% interest rate to reliable individuals. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Horse Loans *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans. Please write back if interested. Upon Response, you'll be mailed a Loan application form to fill. (No social security and no credit check, 100% Guaranteed!) I Look forward permitting me to be of service to you. You can contact me via e-mail howellhenryloanfirm@gmail.com Yours Sincerely MR Howell Henry(MD)

  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

ADVERTISEMENT