IRS to waive $1B in penalties for people, firms owing back taxes for 2020 or 2021
Nearly 5 million people, businesses and tax-exempt organizations—most making under $400,000 per year—will be eligible for the relief starting this week.
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State Budget Committee OKs nearly $300M in IEDC incentives, LEAP enhancements
The State Budget Committee, which consists of four lawmakers and the state budget director, voted unanimously to authorize the spending, though Democrats on the committee expressed deep reservations about the IEDC’s requests.
Westfield strikes 40-year, $300M deal for partnership to manage Grand Park Sports Campus
Under the partnership that includes Keystone Group and Indy Eleven, future plans for Grand Park include a mix of restaurants, hotels, public spaces, a mixed-use complex with residential, office and retail spaces, and a state-of-the-art sports facility.
State, Lafayette officials say no action on pipeline without completed study, legislative review
The Indiana Economic Development Corp. has faced pushback for proposing a pipeline that would transport as much as 100 million gallons of water per day from Wabash River aquifers to a massive business development in Lebanon.
Community Health agrees to pay $345M to settle ‘false claims’ lawsuit
Community Health Network has agreed to pay the United States government $345 million to settle allegations that it engaged in a years-long scheme to recruit physicians and pay them huge salaries and bonuses in return for “downstream referrals” on medical procedures.
UPDATE: Taco Bell Cantina franchisee schedules opening despite lawsuit
A lawsuit claims the planned Cantina is too close—within one-tenth of a mile—to Circle Centre Mall’s Taco Bell, setting up unfair competition in violation the Indiana Deceptive Franchise Practices Act.
INDOT gifting biodiverse 10-acre property to Central Indiana Land Trust
The piece of land in Hancock County known as Founders Fen is home to numerous indigenous and rare plants, including the state-endangered Canadian burnet along with the Indian plantain, queen of the prairie and the white turtlehead.
Apple races to tweak software ahead of looming U.S. watch ban
In the meantime, Apple has begun preparing stores for the ban, including sending new signs to its retail outlets that promote the Apple Watch without showing photos of the Series 9 and Ultra 2.
Retailers improving delivery speeds, meaning good news for late holiday shoppers
Walmart, Target and Amazon are all-in on the shipping wars, a move retail experts say will help them maintain a competitive edge against low-cost Chinese retailers Shein and Temu.
Google to pay $700M to U.S. states, consumers in app store settlement
Although Google struck the deal with state attorneys general in September, the settlement’s terms weren’t revealed until late Monday.
First Dog Henry Holcomb dies at 13
The miniature schnauzer had survived a terrible dog attack as well as surgeries, a prolonged life-threatening auto immune disorder and bladder stones.
IEDC touts record-breaking year for economic development
The state’s job-creation agency says it secured $28.7 billion in new capital expenditures in 2023, a 29% increase over the the previous year. But some of the projects on the list are yet to be announced.
Southeast Indiana lawmaker says he won’t seek reelection in 2024
The lawmaker representing House District 68 in southeast Indiana said Monday he plans to complete his term.
OpenAI lays out plan for dealing with dangers of AI
OpenAI’s “Preparedness” team will hire AI researchers, computer scientists, national security experts and policy professionals to monitor the tech, continually test it and warn the company if it believes any of its AI capabilities are becoming dangerous.
Apple to stop some watch sales in U.S. over patent dispute
The need for Apple to stop selling a core product in the U.S. is unprecedented, especially during the company’s most important quarter.
Biden administration says environmental enforcement on the upswing
The EPA opened nearly 200 criminal investigations this year, a 70% increase over 2022, the agency said in a report. It completed nearly 1,800 civil settlements, a 9% increase over 2022.
Carmel City Council passes 35% water rate hike, 20% sewer rate increase
City officials said the hikes were necessary to pay restructured debt on the consolidation of Carmel’s water services and for future expansions of sewer lines.
Point Biopharma shares sink 11% on study results; Lilly acquisition still up in air
Results of a clinical trial for Point Biopharma’s lead compound fell short of analysts’ expectations, and that development is likely to pressure its investors to decide whether to agree to sell the company to Eli Lilly and Co. for $1.4 billion.
Outgoing Zionsville mayor issues 5 vetoes, but town council overrides 2 of them
Mayor Emily Styron objected to the council’s plans for spending money made available through the American Rescue Plan Act.
White plaintiffs attack federal programs that presume racial disadvantage
The Minority Business Development Agency is one of several federal programs under siege over a fundamental assumption ingrained in Washington policy: that certain racial and ethnic groups are inherently disadvantaged
