Taxes

Daniels touts tax credit from $2B Indiana surplus

July 3, 2012
Associated Press
Indiana 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.
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Commission to recommend more limits on local TIFs

June 28, 2012
Kathleen McLaughlin
A 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.
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Racing simulator lands real tax break for two-seatersRestricted Content

June 9, 2012
Legislature agreed to extend to Indy Racing Experience the same sales-tax exemption enjoyed by race teams.
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House 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.
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Indiana state tax collections take May dip

June 4, 2012
Associated Press
May'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.
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Local sales tax could aid economic developmentRestricted Content

June 2, 2012
Scott Olson
Most 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.
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Candidate Gregg proposes lifting state's gas tax

April 25, 2012
Associated Press
Democratic 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.
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MORRIS: Fair is fair ... or is it?

April 21, 2012
Greg Morris
I 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.
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Indiana panel set to start review of $205M tax error

April 12, 2012
Associated Press
A 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.
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Daniels reputation on line with Indiana's $205M tax error

April 5, 2012
Associated Press
Gov. 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.
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Indiana officials step down after $205M in local taxes mishandled

April 5, 2012
 IBJ Staff and Associated Press
The 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.
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Brainard seeks deal on maxed-out TIFRestricted Content

March 31, 2012
Kathleen McLaughlin
Carmel 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.
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Indiana tax revenues concern Senate budget leader

March 6, 2012
Associated Press
The 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.
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Talks continue on Indiana tax, spending plans

March 6, 2012
Associated Press
Indiana lawmakers are working toward final agreement on several tax and spending issues in the last days of this year's legislative session.
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Indiana senators approve state fair, education money

February 29, 2012
Associated Press
State 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.
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Indiana House votes to phase out inheritance tax

February 28, 2012
Associated Press
The 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.
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Johnson County weighs pros, cons of wheel tax

February 28, 2012
Associated Press
After 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.
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Deals expected on Indiana inheritance tax, tax refund

February 27, 2012
Associated Press
Budget 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.
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Couple accused of tax fraud turning the tables on stateRestricted Content

February 25, 2012
Greg Andrews
Real 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.
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Councilor seeks review of city's TIF-district strategyRestricted Content

February 11, 2012
Cory Schouten
Brian 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.
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Indiana tax collections below target for January

February 7, 2012
Associated Press
Indiana's state tax collections came in slightly below projections for January, the first monthly shortfall since the new state budget year began last July.
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Should Indiana phase out inheritance tax?Restricted Content

January 28, 2012
Supporters of new legislation say the wealthy shouldn't have to leave the state to avoid the tax.
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State's gambling jackpot starts to shrinkRestricted Content

January 28, 2012
Kathleen McLaughlin
Indiana 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.
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Indiana Senate to consider changing tax-refund plan

January 19, 2012
Associated Press
An 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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Indiana reaches online sales tax deal with Amazon.com

January 9, 2012
 IBJ Staff and Associated Press
Amazon.com will begin collecting Indiana's 7-percent sales tax from customers in 2014 under an agreement with the state announced Monday.
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