Costco sues Trump administration over tariffs, seeks full refund
Costco joins dozens of other companies including motorcycle manufacturer Kawasaki and canned foods maker Bumble Bee that have filed suits seeking tariff refunds.
Taxes
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IBJ Podcast: Inside the Legislature’s wild session on tax breaks, hospitals, IEDC and more
Three journalists who covered the budget-writing session recap the twists and turns of the four-month assembly as lawmakers locked bumpers over ways to save Hoosiers money and hit a revenue sinkhole.
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Some local governments are slowing spending as lawmakers debate property tax cuts
The bill would reduce property taxes—and therefore reduce local government revenue—by about $1.4 billion over three years, according to the bill’s fiscal plan.
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Senate lawmakers scale back Braun’s ambitious property tax proposal in heavily amended bill
The 93-page amendment to Senate Bill 1 introduced Tuesday scrapped an expanded homestead deduction and tax bill caps, which offered the bulk of the plan’s homeowner relief but threatened local government funding.
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Bill proposing continued income tax rate cuts passed by committee
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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Articles
Indiana cigarette consumption down, cessation program enrollment up after tax hike
The boost to a nearly $3-a-pack tax on cigarettes went into effect July 1 is already bringing in significantly more tax revenue.
Brazilian coffee, beef and tropical fruit will still be tariffed 40%, says Brazil’s vice president
Although President Trump removed one layer of tariffs last week, a 40% tariff remains in place, according to Brazilian Vice President Geraldo Alckmin.
Matt Greller: Tax reform must complement, not undermine, fiscal health
When revenue growth is compressed and uncertainty grows, the result is predictable.
Mayor Sue Finkam: Property tax reforms in SEA 1 are far from perfect
Hoosiers move to Carmel and other growing Indiana cities not despite our spending but because of it.
Terry Spradlin: Indiana tax reform threatens schools, communities
Undermining education undermines Indiana’s prosperity.
Rep. Todd Huston: Homeowners frustrated with rising property tax bills
We’re simply asking local units to do exactly what state government and families across Indiana have had to do–live within our means.
Stephanie Wells: Reform could improve state’s tax competitiveness
It’s important to consider our tax burden relative to that of other states that compete with us for talent and investment.
Mayor Scott Willis: SEA 1 cuts into city revenue for essential services
It becomes harder to guarantee that emergency help arrives when people need it most.
Sen. Travis Holdman: Reform is a balancing act that needs time to play out
An overhaul of SEA 1 should not be expected.
Avon voters approve school tax renewal despite Beckwith opposition
The decision came as communities in four other Indiana districts also approved school tax questions in special elections.
Trump tariffs face Supreme Court test in trillion-dollar test of executive power
President Trump has called the case one of the most important in the country’s history and said a ruling against him would be “catastrophic” for the economy.
Indiana hardwood companies sign letter seeking tariff relief from federal government
Nearly two dozen Indiana hardwood businesses have joined hundreds of others nationwide in signing a letter to the Trump administration seeking direct relief from tariffs.
Beyond redistricting: Indiana’s special session to tackle tax update, too
Indiana lawmakers could use the upcoming special session not only to draw new legislative maps but also to head off what tax experts call impending “chaos” for taxpayers and businesses.
School referendums: 6 districts to seek funding for teacher pay, class size, buses
This year’s referendums are a test case in voter support at a time when Indiana is lowering property taxes and increasing how much of that funding some districts must share with charter schools.
Trump raises tariffs on Canada by 10% over Reagan ad
The pledge to slap additional fees on imports from Canada marks the latest escalation in trade tensions between the two countries.
Editorial: Tax law merits more discussion as impacts reverberate statewide
We are concerned the tax changes will make it harder for communities to grow.
Indiana revenue comes in strong for September, first quarter
Indiana tax collections are running well ahead of projections after three months of the fiscal year, according to the latest monthly revenue report.
IRS to furlough nearly half its workforce as government shutdown enters second week
The president of the National Treasury Employees Union said taxpayers should expect increased wait times, backlogs and delays implementing tax law changes as the shutdown continues.
Trump to put import taxes on pharmaceuticals, kitchen cabinets, furniture and heavy trucks
Trump said on Truth Social that the pharmaceutical tariffs would not apply to companies that are building manufacturing plants in the United States, which he defined as either “breaking ground” or being “under construction.”