Hoosiers would see the percentage of their income the state takes for taxes continue to decrease under a bill progressing through the Indiana House.
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The rapidly expanding landscape of not-for-profit, donor-backed collectives paying college athletes to promote charities has been hit with a potentially seismic disruption.
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A bill that would allow Indiana tech parks to capture a larger share of tax revenue is poised to become law after the Senate voted unanimously Monday to advance the legislation to the governor’s office.
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A powerful Senate Republican plans to introduce legislation next year to create a commission to consider changes to Indiana’s tax structure, including phasing out the state income tax.
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Diminished budgets, staffing reductions and postponed projects were the focus Wednesday as more than a dozen Hoosier mayors and town managers gathered to discuss the effects of Indiana’s new property tax system.
Municipal government leaders across Indiana are going pale in the face while they review budget forecasts for the next few years as a sweeping property tax relief law takes effect.
Long will take over an IRS undergoing massive change, including layoffs and voluntary retirements of tens of thousands of workers.
The IRS downsizing is due to a series of moves, spurred by Elon Musk’s Department of Government Efficiency, to cut the agency’s workforce.
Indiana cabinet members, lawmakers, lobbyists and more gathered Wednesday to celebrate Gov. Mike Braun’s first 100 days in office—but the man of the hour had tough words for his second-in-command.
Legislators determined to cut property tax bills for homeowners and businesses are set to leave local officials with difficult choices about whether to cut services or raise income taxes to make up for substantial funding gaps.
In order for the decreases to kick in, the legislation stipulates that the state’s revenue must hit certain growth benchmarks.
The program developed during Joe Biden’s presidency was credited by some with making tax filing easy, fast and economical, while others said it was frequently difficult to use.
Acting IRS commissioner Melanie Krause—the tax agency’s third leader since President Donald Trump’s inauguration—will participate in the deferred resignation program the Trump administration offered to agency employees in recent days, sources said.
The framework now moves to the House, which must pass it before lawmakers can start working on the bill itself.
The Taxpayer Advocate Service is part of the IRS but operates independently as its internal watchdog. It identifies major problems facing taxpayers, recommends fixes and assists people with individual problems.
The Indiana State Budget Agency noted that higher-than-expected collections from income tax revenue outweighed lower-than-expected collections from sales tax and interest revenue.
Bill author Sen. Greg Walker, R-Columbus, said the tax credit is one of many measures lawmakers should consider to make it easier for Hoosiers to afford to have children.
Income taxes drove the overall increase, with collections up 4.7% more than the agency anticipated.
The two-year spending plan funds many of Gov. Mike Braun’s agenda items—including additional funding for private school vouchers—but doesn’t include several state tax cuts the new governor proposed.
As Indiana politicians debate the best way for the state to relieve a growing property tax problem, their neighbors just to the south have made a decisive move about taxation.
A bill aimed at adjusting the way income taxes are distributed in Hamilton County seeks to address a disparity in revenue received by Fishers—a situation that has lingered for years.
Policymakers have proposed at least 12 bills seeking to create or adjust property tax credits or deductions and institute freezes.
The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday.
The cities are set to ask state lawmakers to change the rules that govern how and when cities can benefit from taxes generated by sports-related projects.
