Senate Bill 385, authored by Sen. Aaron Freeman, R-Indianapolis, would have based the personal property tax exemption on the assessed value of equipment—called personal property—rather on the value at the time the company acquired it.
Sen. Aaron Freeman, the Indianapolis Republican and former city councilor who authored the legislation, said his goal is not to cripple the bus system’s operations but to hold IndyGo accountable to a 2014 law that required it to fund some of its operations with private funds.
The legislation to slow down the exodus from coal comes as large utilities across Indiana have announced plans to shut down thousands of megawatts of coal-fire generating capacity in favor of cheaper fuel sources, such as natural gas, solar and wind.
House Bill 1008 initially would have allowed professional licenses from other states to be honored in Indiana. It would have applied to professions regulated by the Indiana Professional Licensing Agency, including architects, engineers and dentists, to name a few.
The three major U.S. stock indexes now are in correction territory, a 10% reversal from recent highs.
The Indianapolis-based asset financing and fleet management company notified state officials this week that it will permanently close its operations late next month, eliminating all of its employees.
Sun Development & Management Co. originally planned to open the Tapestry hotel in the 12-story Jackson Square building where Ike & Jonesy’s had been located. But Sun now has plans to put a different brand in the building, with work starting within several months, and build the Tapestry across the street.
WISH-TV Channel 8 announced Thursday it has hired McKinzie Roth as the station’s “Entertainment Insider.” Roth is known locally for appearing in TV ads for Andy Mohr auto dealerships.
Shepherd Financial LLC is planning to grow its workforce by 50 employees over the next five years, tripling its statewide staff, with a majority of those hires in Carmel.
Orders to U.S. factories for big-ticket manufactured goods were pulled down by decreased demand for cars, auto parts and military aircraft, but the category that tracks business investment rose significantly.
zTrip, a five-year-old company based in Kansas City, has been buying taxi businesses at a fast clip, and now has more than 5,000 cabs in 21 cities.
As Indiana lawmakers wrestle with various ideas to reduce health care costs, one proposal that businesses say would have an immediate impact has drawn opposition from hospitals.
Democratic presidential candidate Pete Buttigieg is bracing his supporters for a difficult stretch, with the sobering assertion that front-runner Bernie Sanders will likely emerge from next week’s Super Tuesday contests well ahead in the race for delegates.
With a late-night vote, on the slim majority approval of the 32 team representatives, the NFL Players Association was preparing Wednesday to send the collective bargaining agreement proposal to the full union membership for potential ratification.
Indiana lawmakers are poised to double the fines stores could face for selling smoking or vaping products to anyone younger than 21 years old.
The filing claims Brandon Kaiser was trying to enter White Castle after 3 a.m. when Clark Circuit judges Andrew Adams and Bradley Jacobs, who had been standing nearby after a night of bar-hopping, approached Kaiser “in a hostile manner,” slammed him to the ground, choked him, beat him and kicked him in the head.
Applications for home construction permits in the Indianapolis area rose in January, marking the sixth monthly increase in the past seven months.
The city of Indianapolis is charging ahead with a plan to protect tenants from bad landlords despite a bill moving through the Indiana General Assembly that would limit the city’s authority on the issue.
A chef, a restaurateur and two restaurants were named as semifinalists for the James Beard Awards, which are often referred to as the Oscars of the restaurant industry.
Peter Dunn has launched Hey Money, a financial help subscription service that targets “consumers who don’t yet have the wherewithal to hire a fee-based money adviser.”
