Taxes

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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Business tax cuts take next step at Statehouse

January 21, 2014
Olivia Covington,  The Statehouse File
A Senate committee voted Tuesday to eliminate Indiana's property tax on equipment for small businesses and further cut the state's corporate income tax.
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Governor backs alternative business tax cut

January 14, 2014
Associated Press
Indiana Gov. Mike Pence threw his support behind House Republicans' watered-down business tax proposal Tuesday amid outcry from local leaders over the potential to damage their already cash-strapped budgets.
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City-County Council, mayor settle on TIF policy

January 14, 2014
Kathleen McLaughlin
Mayor Greg Ballard's administration has agreed to a new policy around creating and managing tax-increment finance districts. The policy is headed to the City-County Council for approval.
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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.
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Senator hopes to revive state incentive for filmmakers

January 9, 2014
Kathleen McLaughlin
Democratic Sen. Lonnie Randolph's bill would provide as much as a 40-percent tax credit on productions. With legislators cool to the idea last year, Randolph and supporters are gearing up for a long fight.
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Report: Ditching business property tax shifts burden to others

December 26, 2013
 The Statehouse File
Gov. Mike Pence's plan to eliminate the tax on business equipment would mean significantly higher taxes for other property owners if the state took no specific action to protect them, according to a new analysis.
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Pence wants tax credit for adoptive parents

December 26, 2013
Associated Press
Under the proposal, taxpayers benefiting from the federal adoption credit would be able to claim an additional credit on their state return.
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Declining tax collections eat away at state's fiscal footing

December 22, 2013
Associated Press
Indiana's fiscal picture is looking good with about $2 billion in cash reserves and a strong credit rating, but the next few years could leave the state in a fiscal pinch.
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Pence makes another pitch for business tax cut

December 17, 2013
 The Statehouse File
Talking to entrepreneurs at a center for business start-ups, Pence said the state can’t compete with its neighbors for private investment without eliminating the personal property tax on business equipment.
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Some worry about eliminating Indiana business tax

December 9, 2013
Associated Press
A proposal to phase out Indiana's property tax on business equipment and machinery has many local government leaders concerned about another big revenue hit.
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Mayor pushing plan to use city funds to upgrade Natatorium

November 27, 2013
Anthony Schoettle
Mayor Greg Ballard is proposing to pay about half of the $20 million needed to upgrade the Natatorium at IUPUI. The city's Capital Improvement Board is also considering setting aside tax revenue for operation expenses.
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Hearing draws lively debate on Fishers food-drink tax

November 13, 2013
Larry Lannan / Special to IBJ
The Fishers Chamber of Commerce and some individual business owners are on opposite sides of a debate over imposing a 1-percent food-and-beverage tax to help fund economic development efforts in the town.
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Fishers looking to fund development with tax hike

November 9, 2013
Andrea Muirragui Davis
Suburban neighbors already impose 1-percent levy on food and beverage sales.
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T2 Systems loses tax break over technicality

November 7, 2013
Dan Human
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
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IBJ rolls out politics website

November 6, 2013
Staff Report
The central Indiana business news authority has elevated the idea behind its popular Forefront section and created a website similarly focused on commentary about politics, policy and government.
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Marion County, Simon tangle over value of malls

October 29, 2013
Indiana Lawyer Staff, Dave Stafford
A years-long fight between Marion County and mall developer Simon Property Group Inc. has moved to the Indiana Tax Court as a judge weighs vastly different estimates of the values of Lafayette Square Mall and Washington Square Mall.
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Congress votes to end shutdown, avoid default deadline

October 16, 2013
Associated Press
Up against a deadline, Congress passed and sent a waiting President Barack Obama legislation late Wednesday night to avoid a threatened national default and end the 16-day partial government shutdown.
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Developer seeks tax break on $16.2M apartment project

October 14, 2013
 IBJ Staff
Indianapolis-based Herman & Kittle Properties Inc. would save $452,000 in property taxes on the development, slated for 22.5 acres on the southwest side.
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Indiana budget heads tell agencies to trim expenses

October 13, 2013
Associated Press
Through the first three months of the current state fiscal year, revenue has come in $73.5 million less than predicted by the forecast used by lawmakers in writing the 2014-15 state budget.
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Pence pleads for end to medical device tax

October 1, 2013
 The Statehouse File
Republican Gov. Mike Pence wrote a letter Monday urging members of the U.S. Senate to vote to repeal the medical device tax that is helping to finance Obamacare. But the Senate on Monday night voted not to repeal the tax, with all 54 Democrats voting to keep it.
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