Taxes

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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Indiana governor hopefuls talk education, infrastructure

August 21, 2012
Associated Press
Despite their political differences, the three men running for Indiana governor outlined similar outlooks for running the state during a forum Tuesday, from proposing improved job training to imposing tax cuts. But which taxes should be cut and when highlighted their differences.
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Hoosier politicians offer tax cuts for all stripes

August 12, 2012
Associated Press
Hoosiers have a pick of candidates looking to succeed Gov. Mitch Daniels who are ready to slash their taxes for them.
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Audit of $526M in state tax errors could take months

July 25, 2012
Associated Press
Representatives of the accounting firm Deloitte told Indiana budget leaders their assessment of what needs to be audited could last through August. The audit itself could take months longer after that.
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Indiana closes year with $2.1B in cash reserves

July 12, 2012
Associated Press
Indiana's state government is sitting on cash reserves of $2.15 billion following a year of continued budget cuts and improved tax collections.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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