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Taxes
Indiana closes year with $2.1B in cash reserves
July 12, 2012
Associated PressIndiana's state government is sitting on cash reserves of $2.15 billion following a year of continued budget cuts and
improved tax collections.
MoreDaniels touts tax credit from $2B Indiana surplus
July 3, 2012
Associated PressIndiana Gov. Mitch Daniels is touting state cash reserves he says will send an additional $100 to each Indiana taxpayer through
automatic tax credits next year.
MoreCommission to recommend more limits on local TIFs
June 28, 2012
Kathleen McLaughlinA study commission on tax-increment financing will vote Thursday evening on a set of policy recommendations that would limit
the use of TIF districts in Indianapolis.
MoreRacing simulator lands real tax break for two-seaters
June 9, 2012
Legislature agreed to extend to Indy Racing Experience the same sales-tax exemption enjoyed by race teams.
MoreHouse swipes at health law with repeal of medical device tax
June 8, 2012
Republicans in the U.S. House joined with 37 Democrats to pass a bill repealing a medical-device tax, chipping away at the
2010 health-care law in a victory for companies including Indiana-based Zimmer Holdings Inc. and Boston Scientific Corp.
MoreIndiana state tax collections take May dip
June 4, 2012
Associated PressMay's state tax revenue came in $143 million below projections. That comes after April's revenue was up about $159
million due to faster-than-usual tax returns processing.
MoreLocal sales tax could aid economic development
June 2, 2012
Scott OlsonMost local economic development organizations rely on private contributions and some government money to support their efforts.
But an unstable economy has led to some belt-tightening and soul searching on alternative ways to fund the associations.
MoreCandidate Gregg proposes lifting state's gas tax
April 25, 2012
Associated PressDemocratic gubernatorial hopeful John Gregg's first bite of Hoosier populism is likely to run up against some hard economic
realism: $540 million is a lot of money to account for.
MoreMORRIS: Fair is fair ... or is it?
April 21, 2012
Greg MorrisI always want to make sure I paid my fair share. I can’t stress this point enough. I don’t want to be a slacker.
MoreIndiana panel set to start review of $205M tax error
April 12, 2012
Associated PressA leading legislator said he expects the State Budget Committee to take some time reviewing a second computer programming
mistake made by the Indiana Department of Revenue that short-changed local governments by about $205 million.
MoreDaniels reputation on line with Indiana's $205M tax error
April 5, 2012
Associated PressGov. Mitch Daniels has built a national image as a persnickety fiscal manager with an eye for detail, but two massive accounting
errors that have tilted Indiana's books by more than half-a-billion dollars threaten to tarnish that reputation as the
popular Republican prepares to leave office.
MoreIndiana officials step down after $205M in local taxes mishandled
April 5, 2012
IBJ Staff and Associated PressThe head of Indiana's Department of Revenue and two other officials are resigning after $205 million in local option income
taxes were not distributed to counties. Marion County will get an extra $41 million from the oversight.
MoreBrainard seeks deal on maxed-out TIF
March 31, 2012
Kathleen McLaughlinCarmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in
debt that’s weighing on the city’s tax-increment finance districts.
MoreIndiana tax revenues concern Senate budget leader
March 6, 2012
Associated PressThe Indiana Senate's budget leader says a two-month shortfall in state tax revenues won't threaten plans for directing
more money toward full-day kindergarten programs and victims of the state fair stage collapse.
MoreTalks continue on Indiana tax, spending plans
March 6, 2012
Associated PressIndiana lawmakers are working toward final agreement on several tax and spending issues in the last days of this year's
legislative session.
MoreIndiana senators approve state fair, education money
February 29, 2012
Associated PressState senators allocated more state money for victims of the Indiana State Fair stage collapse and full-day kindergarten as
part of a broad spending plan approved Wednesday.
MoreIndiana House votes to phase out inheritance tax
February 28, 2012
Associated PressThe Indiana House on Tuesday approved a 10-year phase-out of the state's inheritance tax that now brings in about $160
million a year.
MoreJohnson County weighs pros, cons of wheel tax
February 28, 2012
Associated PressAfter five years, members of the Johnson County Council will need to decide whether to keep the wheel tax in place. The fee
has collected more than $13.8 million total for local governments.
MoreDeals expected on Indiana inheritance tax, tax refund
February 27, 2012
Associated PressBudget leaders in the Indiana Legislature are nearing agreement on plans for phasing out the state's inheritance tax and
changing the automatic taxpayer refund so that it could only be triggered every other year.
MoreCouple accused of tax fraud turning the tables on state
February 25, 2012
Greg AndrewsReal estate investor Chris Marten and his wife, Janice—a longtime Carmel jeweler—charge in a new federal lawsuit
that investigators trampled on their constitutional rights during the inquiry, which resulted in 28 criminal charges.
MoreCouncilor seeks review of city's TIF-district strategy
February 11, 2012
Cory SchoutenBrian Mahern, a Democrat on the City-County Council, plans to propose a study commission to examine the effectiveness of TIF
districts, how property tax caps will affect them, and ways to increase transparency for the complicated financing vehicles.
MoreIndiana tax collections below target for January
February 7, 2012
Associated PressIndiana's state tax collections came in slightly below projections for January, the first monthly shortfall since the
new state budget year began last July.
MoreShould Indiana phase out inheritance tax?
January 28, 2012
Supporters of new legislation say the wealthy shouldn't have to leave the state to avoid the tax.
MoreState's gambling jackpot starts to shrink
January 28, 2012
Kathleen McLaughlinIndiana casinos saw their take from gambling fall in 2011, and new competition in Ohio and perhaps other neighboring states
virtually guarantees things will get worse from here.
MoreIndiana Senate to consider changing tax-refund plan
January 19, 2012
Associated PressAn Indiana Senate committee is advancing a plan to put more money into state savings accounts before automatic tax refunds
go out to taxpayers.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.