Taxes

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.
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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.
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Senators stalling Indiana online sales-tax proposal

March 29, 2013
Associated Press
Some key state senators are sidelining a bill that would make Amazon.com and other online-only retailers start collecting Indiana's 7-percent sales tax this summer.
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Bill would expand state’s historic preservation tax credit

March 29, 2013
 The Statehouse File
Legislation that was killed last year after passing the Indiana House has been revived this session in hopes of spurring more historic renovation across the state.
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Higher payroll taxes take toll on restaurants

March 28, 2013
Associated Press
So far, 2013 has been "a roller coaster ride" for Indiana eateries, according the state trade association's president. Industry observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.
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Pence, Bosma try to keep reins on intraparty tax battle

March 25, 2013
Associated Press
Republicans typically invoke Ronald Reagan's "11th Commandment" when they're fighting within the family, and there's been plenty of infighting recently over Gov. Mike Pence's tax cut at the Statehouse.
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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.
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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.
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Overseas tax savings for U.S. drugmakers under threat

March 11, 2013
Bloomberg News
Eli Lilly and Co. and five other big drugmakers avoided paying $7 billion in U.S. taxes last year by shifting their profits overseas. The strategy has drawn the ire of some legislators.
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Senate budget leader: Schools, roads need boost

March 7, 2013
Associated Press
Indiana lawmakers have been aggressive in cutting taxes in recent years, the state Senate's top budget writer said Thursday as his committee started reviewing a spending plan that leaves out Republican Gov. Mike Pence's proposed 10-percent income tax cut.
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Federal cuts to hit Indiana jobless, National Guard

March 4, 2013
Associated Press
Indiana agencies are cutting jobless benefits, furloughing National Guard members and losing food funds for the Women Infants and Children program because of the automatic federal budget cuts, officials said Monday.
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Indiana, Kentucky brace for new casino in Cincinnati

March 3, 2013
Associated Press
With a glistening $400 million casino set to open in downtown Cincinnati on Monday, officials and casino executives in two neighboring states are looking at the development with trepidation as they prepare to watch tax dollars flow into Ohio.
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Let the sequester begin: Senate fails to block spending cuts

February 28, 2013
Associated Press
The $85 billion in across-the-board federal cuts are set to kick off on Friday, but will fall into place gradually over several months. The Obama administration has pulled back on its earlier warnings of long lines developing quickly at airports and teacher layoffs affecting classrooms.
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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.
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Pence signs bill delaying new farmland taxes

February 27, 2013
Associated Press
Indiana Gov. Mike Pence has signed into law a one-year delay on new calculations for property taxes on farmland. The bill was the first one Pence has signed into law since becoming governor last month.
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Six Indiana airports could see control towers close

February 27, 2013
Associated Press
The Federal Aviation Administration says control towers at airports in Gary, Muncie, Bloomington, Terre Haute, Columbus and West Lafayette could close if federal budget cuts take effect Friday.
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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.
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City mulls creation of 'high tech district' for ExactTarget

February 25, 2013
Cory Schouten
ExactTarget Inc. could get a 10-year tax break on an unspecified investment in new equipment if the City-County Council agrees to designate several parcels tied to the Indianapolis-based company as a "high technology district."
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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.
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A2SO4 architectural firm reopens after temporary closure

February 21, 2013
Scott Olson
The firm in historic Union Station had been ordered to shut down by the state because it owed more than $43,000 in delinquent taxes, but the state appears to have been mistaken in its decision.
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Mass-transit bill amended, ready for House vote

February 21, 2013
 The Statehouse File
A bill to let voters authorize higher taxes in central Indiana to pay for an expanded mass-transit system is ready for a full vote in the House after an amendment restricted who would be affected by it.
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Senate OKs Indianapolis Motor Speedway funding plan

February 19, 2013
Associated Press
A plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval from the Indiana Senate.
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Legislature backs delay for Indiana farmland tax hike

February 18, 2013
Associated Press
New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.
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Major Indiana casino overhaul faces doubts in Statehouse

February 15, 2013
Associated Press
The leader of the Indiana House is hesitant about the chances of an overhaul of state casino taxes and regulations aimed at helping them against growing competition from surrounding states.
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Senate bill would stop paying gambling counties

February 15, 2013
 The Statehouse File
The change would save the state $24 million in 2015 and another $48 million each year thereafter—all money that's now being collected from gambling taxes and sent to cities, towns and counties.
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