Taxes

Indiana wind energy industry wants longer tax credit

January 3, 2013
Associated Press
Officials with Indiana's wind energy industry say they are relieved by Congress' one-year extension of a tax credit but contend it will take a longer-term approach to grow the industry and create jobs in the state.
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'Cliff' deal sends stocks up, but problems lurk

January 2, 2013
Associated Press
The "fiscal cliff" compromise, even with all its chaos, controversy and unresolved questions, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year.
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Auditors: Tech issues, worker rush led to state tax errors

December 17, 2012
Associated Press
Auditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed accuracy for speed led to $526 million in tax errors from the state.
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Indiana farmers fear estate tax changes

December 14, 2012
Associated Press
Indiana farmers say they have a lot to lose should the nation go over the so-called fiscal cliff, a set of automatic spending cuts and tax hikes set to take effect in January unless the White House and Republicans negotiate a compromise.
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Deadline looms to refile for homestead tax break

December 10, 2012
Scott Olson
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don't complete and return a homestead verification form by Jan. 1.
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Tax software upstart proves appeal to major companiesRestricted Content

December 8, 2012
Chris O'Malley
AppealTrack's simplicity gains attention in growing market for firms managing property tax appeals.
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HICKS: Demagoguery and the truth about taxesRestricted Content

December 1, 2012
Mike Hicks
The popular media lately has been full of astonishing piffle with regard to taxation—so much so that a reasonably smart listener might suppose there was some magnificent disagreement among economists, like there is among lawyers in a court case. That is not the case.
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Proposal would move up online sales tax collection

November 29, 2012
Associated Press
Two lawmakers say they plan to introduce legislation in the new year that would require Amazon.com and other online-only retailers with a presence in Indiana to begin collecting sales tax on July 1, 2013, six months earlier than expected.
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Budget-writing Indiana lawmakers hear from agencies

November 28, 2012
Associated Press
Indiana's budget picture is slowly taking shape, but the big questions about tax collections, tax cuts and how much will be spent on education remain to be seen.
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Proposal would move up online sales tax collection

November 26, 2012
Associated Press
Two lawmakers say they plan to introduce legislation in the new year that would require Amazon.com and other online-only retailers with a presence in Indiana to begin collecting sales tax on July 1, 2013, six months earlier than expected.
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Indiana taxpayers to see $111 credit from surplus

November 21, 2012
Associated Press
Indiana taxpayers will receive a $111 credit on their state income tax returns next year as the state distributes part of its budget surplus. The credit will be $222 for couples filing joint returns.
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State's local income tax system isn't keeping up with demandRestricted Content

November 17, 2012
A report by the Indiana University Public Policy Institute and Indiana Fiscal Policy Institute recommends streamlining the system.
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Transit supporters set to kick off new campaign

November 14, 2012
The campaign, Indy Connect Now, will urge state legislators to allow voters to decide whether to fund an expanded mass-transit system in the area.
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Report backs simpler Indiana local tax system

November 13, 2012
Associated Press
A new report on Indiana's local income taxes urges state legislators to simplify a system that has seven types of taxes and a two-year lag before the money collected by the state is distributed to local governments.
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Simon says Sandy caused minimal damage to shopping centers

October 30, 2012
Bloomberg News
A company spokesman said damage was minor at Simon’s malls and outlet centers in New York and other areas hit by the storm.
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EDITORIAL: Council's $15M CIB raid is shortsightedRestricted Content

October 20, 2012
 IBJ Staff
Democrats on the Indianapolis City-County Council who voted to plug a hole in the city budget by charging the Capital Improvement Board $15 million risk creating more problems than they solved.
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Marion County refigures property values amid errors

October 15, 2012
Associated Press
Indianapolis taxpayers wondering what their property is worth might have to wait until December because of widespread errors discovered in local assessments.
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State Senate leader warns city about raiding CIB funds

October 11, 2012
Scott Olson
Council Democrats want to take funds from the Capital Improvement Board's $67 million cash reserve to help shore up the city's budget. But State Sen. Luke Kenley lobbed a threat that might make them think twice about pursuing the proposal.
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CIB standing firm against city plan to tap reserves

October 9, 2012
Scott Olson
The Capital Improvement Board on Monday adopted a formal resolution opposing a plan by some City-County Council Democrats to tap CIB coffers to plug the city's budget gap.
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Indiana House GOP makes no guarantees on tax cuts

October 4, 2012
Associated Press
Tax cuts being pushed by gubernatorial candidates are hardly guaranteed a rubber stamp from lawmakers, and a state constitutional ban on same-sex marriage could win quick approval next year, Republican House Speaker Brian Bosma said Thursday.
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Report: Indy visitors pay high taxes for travel

October 3, 2012
Associated Press
Visitors pay among the highest travel taxes in the nation when they come to Indianapolis — 17 percent on hotel rates, 15 percent on rental cars and 9 percent on meals.
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Council tables vote on TIF proposal after lawsuit

September 17, 2012
Kathleen McLaughlin
Facing a lawsuit from a city activist, the Indianapolis City-County Council put off voting Monday night on a long-delayed proposal to expand a downtown tax-increment financing district.
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Neighborhoods back new 'north-midtown' TIF area

September 17, 2012
Kathleen McLaughlin
The Indianapolis City-County Council will have more than one big tax-increment finance issue to consider at a meeting Monday night. A new TIF district stretching from Fall Creek to White River along College Avenue will be introduced.
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Study: Indiana tax code discourages small businesses

September 15, 2012
Associated Press
A new study of Indiana's business tax structure suggests the state's tax code discourages the small, home-grown businesses often considered the engines of job creation.
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Commuter subsidies often go unnoticedRestricted Content

September 8, 2012
Mason King
In a dark little corner of the tax code known as Section 132(f), the IRS lets employers provide tax-free benefits—typically, payroll deductions and/or subsidies—to employees for commuting costs. That includes vans, buses, bikes, trains, and even parking. And both parties can save, since they’re not getting dinged for their respective taxes on the amount of the benefit.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

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  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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