Taxes

City to consider $7.7M bond issue to assist Broad Ripple project

March 18, 2014
Scott Olson
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
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Apparel firm requests tax break on $15M project

March 17, 2014
 IBJ Staff
OSP Group is in the midst of re-evaluating its national distribution network and has identified major improvements needed at the center, which employs 625.
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Financial emergency sparks cuts in Connersville

March 16, 2014
Associated Press
The city's clerk-treasurer estimates the city's general fund will have less than $15,000 in the bank as of May 1, yet its monthly payroll and claims typically exceed $700,000.
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Indiana lawmakers pass package of business tax cuts

March 13, 2014
Jacob Rund, The Statehouse File
The corporate income tax and state banking tax would be reduced to 4.9 percent and local governments would be left to decide whether to cut the business equipment tax.
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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.
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Tax collection woes raise concern among leaders

March 7, 2014
Associated Press
The Indiana Budget Agency reported Friday that tax collections came in $54 million less than expected in February.
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Soccer team owner concedes battle for stadium funds this year

March 6, 2014
 IBJ Staff
The owner of the Indy Eleven soccer franchise has conceded that his push for state financing help for a proposed 18,500-seat, $87 million stadium in Indianapolis will have to wait on the bench for another legislative session.
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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.
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Business tax cuts enter House, Senate negotiations

March 4, 2014
Associated Press
The Senate voted 33-15 Tuesday to advance the package, sending it to a conference committee of House and Senate members.
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Mass transit bill headed to conference committee

March 3, 2014
 The Statehouse File
The Indiana House passed legislation to authorize new taxes for an expanded bus system but the bill is headed to a conference committee where lawmakers will try to find a compromise on the issue.
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Indiana lawmakers draw close on business tax deal

February 25, 2014
Associated Press
The House Ways and Means Committee and the Senate Tax and Fiscal Policy advanced two separate measures Tuesday that would cut the state's corporate income tax and the state's business equipment tax in certain cases.
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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.
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Pence open to replacing any revenue lost in tax bill

February 11, 2014
 The Statehouse File
Indiana Gov. Mike Pence said Tuesday he’s open to proposals to “fully replace” the revenue that local governments might lose under a Senate plan to cut the personal property tax for thousands of businesses across Indiana.
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Plan to cut business-equipment tax draws debate

February 10, 2014
Associated Press
Indiana House lawmakers took up a Senate proposal to cut business taxes on Monday, as fiscal leaders continued working behind the scenes to craft a compromise package of cuts this legislative session.
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Bitter winter hitting Indiana's revenue stream

February 9, 2014
Associated Press
Nearly every state revenue category failed to hit its January target, including sales taxes and personal income taxes — Indiana's two largest revenue sources.
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Experts see limits to state's low-tax strategyRestricted Content

February 8, 2014
Kathleen McLaughlin
Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.
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House lawmakers advance pair of Pence measures

February 3, 2014
Associated Press
The House voted in favor of measures increasing personal income tax exemptions and establishing an adoption tax credit. Both measures won broad bipartisan support.
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House, Senate OK corporate tax plans despite protests

January 30, 2014
Olivia Covington,  The Statehouse File
The House and Senate easily approved separate bills Thursday to reduce the business property taxes just hours after local government officials from across the state joined to protest the legislation.
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Indiana House gatekeeper open to soccer stadium

January 29, 2014
Kathleen McLaughlin
House Ways and Means Chairman Tim Brown said lawmakers will consider a plan by the IndyEleven soccer team to finance an $87 million stadium. The proposal is likely to be attached to an existing Senate bill.
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Senate amends corporate tax bill, rejects Democrats' efforts to strip key provisions

January 28, 2014
Olivia Covington,  The Statehouse File
Financial institutions would have to wait an additional three years to fully feel the effects of a statewide tax cut under changes made Tuesday to Indiana Senate Bill 1.
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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.
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Soccer team seeks state help for $87M downtown stadium

January 24, 2014
Kathleen McLaughlin
Indy Eleven owner Ersal Ozdemir hopes state lawmakers will help him finance construction of a multi-use soccer stadium with 18,500 seats in downtown Indianapolis.
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Personal property tax cut heads to full House

January 23, 2014
Olivia Covington,  The Statehouse File
House Bill 1001, authored by Rep. Eric Turner, R-Cicero, would allow county income tax councils to exempt businesses from paying the business personal property tax on any new equipment they purchased.
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Indiana business tax changes still worry some mayors

January 23, 2014
Associated Press
Some local-government officials around the state remain concerned about changes Indiana lawmakers are considering to the state's property tax on business equipment.
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Bill seeks bigger tax breaks for individuals, families

January 21, 2014
Jacob Rund, The Statehouse File
The bill, backed by Gov. Mike Pence and authored by Chairman Tim Brown, R-Crawfordsville, would tie individual and family tax deductions to increases in inflation.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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