Taxes

Marion County could get windfall from property tax saleRestricted Content

October 1, 2011
 IBJ Staff
The sale of tax-delinquent properties brought in $13 million above the city’s expenses.
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Dynasty trusts growing in popularity among super-richRestricted Content

September 17, 2011
Francesca Jarosz
A tool allowing the super-wealthy to pass assets from one generation to the next without paying taxes is resurging among Hoosier investors.
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Indiana Live to get federal hearing on tax matterRestricted Content

September 10, 2011
 IBJ Staff
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
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Indiana property tax caps slice 2011 bills

August 23, 2011
Associated Press
Indiana property taxpayers saw their savings grow by 32 percent this year compared to a year ago thanks to statewide tax caps on their 2011 bills, according to a state report.
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Court rules state overreached when it shut puppy mill

August 23, 2011
Associated Press
The state had seized and sold 240 dogs at business, citing $142,000 in unpaid taxes.
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Library plans to restore hours at some branches

August 22, 2011
Francesca Jarosz
The financial picture for Indianapolis’ struggling public library system is expected to improve enough for leaders to consider restoring operating hours at 10 of its 23 locations next year.
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Racinos ask federal court to lower their tax liabilityRestricted Content

August 20, 2011
Francesca Jarosz
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
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Indiana counties wrestling with tax overpayment

August 5, 2011
Associated Press
City and county officials across Indiana are starting to wrestle with how they'll deal with the state's plan to recoup roughly $610 million it overpaid local governments for income taxes it expected to collect.
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Candidate Pence eyes Indiana income-tax cuts

August 3, 2011
Associated Press
Republican Mike Pence is looking at ways to cut Indiana income tax rates across the board if elected governor next year.
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Lugar: Norquist tax pledge, others hamper Congress

July 31, 2011
Associated Press
Sen. Richard Lugar is the only Republican in the state's Congressional delegation who hasn't signed Norquist's pledge, which requires the signer to "oppose and vote against any and all efforts to increase taxes."
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Dynasty trusts let wealthy escape estate, gift taxes forever

July 28, 2011
Bloomberg News
Carmel financial executive among those who plan to shield millions of dollars in a dynasty trust, so it can be passed on to multiple generations of descendants while paying as little in taxes as possible.
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Lilly CEO: Immigration, tax laws slow innovation

June 23, 2011
Bloomberg News
The U.S. government needs to open its borders to attract and retain talented scientists for drugmakers to employ, Eli Lilly & Co. CEO John Lechleiter plans to tell a technology conference Thursday.
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ICVA expects to fall short of 2011 room-night goal

June 14, 2011
Scott Olson
The convention association set out to book 725,000 hotel room nights this year for future meetings but so far is trending below the goal. An aggressive drive last year exhausted many of its prospects, new ICVA CEO Leonard Hoops said.
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Abortion showdown looms for Indiana

June 5, 2011
Associated Press
The willingness of Indiana to challenge the federal government and risk a huge financial penalty could take the issue into uncharted legal and political territory.
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New laws affect commercial property owners

May 17, 2011
Tom Harton
Three bills with implications for owners of commercial real estate were approved by the General Assembly and have been signed by Gov. Mitch Daniels.
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CIB reports quarterly revenue increase

May 10, 2011
Scott Olson
The Capital Improvement Board saw revenue of $22.5 million in the first three months of the year, a jump of 28 percent compared with the same three months in 2010. More taxes generated by hotel stays and restaurant visits helped drive the increase.
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Business groups say legislative session among best

May 2, 2011
Francesca Jarosz
Victories include a reduction in corporate income taxes, an overhaul of the state’s unemployment insurance system, and the weakening of an immigration bill that initially resembled a controversial Arizona law.
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HICKS: Raising taxes won’t increase federal revenueRestricted Content

April 30, 2011
Mike Hicks
Hauser’s Law, which is really an empirical observation, notes that U.S. income tax revenue has hovered within a percentage point of 19 percent of our total economy for more than 50 years.
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Indiana House passes bill to cut corporate tax rates

April 21, 2011
Associated Press
Indiana's corporate income tax rate would be cut by nearly 25 percent over the next four years under a plan the Indiana House has approved.
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Daniels wants taxpayer refund back in budget

April 19, 2011
Associated Press
Indiana Gov. Mitch Daniels has written lawmakers to urge them to restore an automatic taxpayer refund that was removed from a budget proposal this week.
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Statehouse fight continues over bank-insurance fund

April 19, 2011
Francesca Jarosz
Indiana lawmakers likely will avoid tapping an obscure bank-insurance fund to help bolster state coffers, but bankers may not survive the battle completely unscathed.
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HICKS: Economic activity stalls when taxes riseRestricted Content

April 16, 2011
Mike Hicks
We know from long experience that, if you raise taxes, you get less economic activity, even if higher tax rates make some people work harder.
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UPDATE: Extra tax dollars aimed at full-day kindergarten

April 15, 2011
Francesca Jarosz
A projected increase in state revenue should allow all Indiana school districts to provide full-day kindergarten, a long-time goal of the governor and many education officials.
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Parties near deal for hospital tax

April 11, 2011
J.K. Wall
Officials from Indiana Medicaid and a hospital trade group are trying to craft a deal that would create a tax on hospitals that would help attract more federal funds for hospitals—thereby offsetting looming cuts in state payments.
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Indiana March revenues come in more than expected

April 8, 2011
Associated Press
The state took in $977.2 million in March, up $69 million, or 8 percent, from the same month a year ago.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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