Editorial: Tax law merits more discussion as impacts reverberate statewide
We are concerned the tax changes will make it harder for communities to grow.
Taxes
Articles
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.”
Trump’s corporate tax break worth $67B hits Biden-era snag
Trump’s recently enacted tax law sweetened a break for corporate research and development investments, a provision especially valuable to technology, pharmaceutical and manufacturing businesses. But some businesses won’t be able to take full advantage of the break.
Treasury releases new proposals for ‘no tax on tips’
The agency on Friday submitted possible guidance that includes greater detail on the occupations covered by the rule and who will qualify and what counts as a “qualified tip.”
Carmel budget proposes cuts in costs, staffing as city adjusts to new property-tax law
The city’s budget proposal includes funding increases for public safety and for parks, but other departments could see reductions.
Trump’s ‘no tax on tips’ plan covers unexpected jobs
The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge and salon workers—and some surprise occupations.
New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales?
Under President Donald Trump’s new tax-cut law, many people for the first time could claim a tax deduction for interest on their vehicle loans. But there are caveats, including whether the vehicle was assembled in the U.S.
Senate Republicans seek support for Trump’s big bill in overnight session
Republican leaders are buying time as they search for ways to secure support for President Donald Trump’s big bill of tax breaks and spending cuts, but the endgame wasn’t immediatley in sight early Tuesday morning.
Senate rushes to pass Trump’s tax bill, which could raise national debt by $3.3 trillion
Trump’s One Big Beautiful Bill would extend tax cuts passed in 2017, enact campaign promises such as no tax on tips, spend hundreds of billions of dollars on immigration and defense, and slash social benefit programs including Medicaid.
After dramatic vote, Senate pushes ahead on Trump’s tax break and spending cut plan
Republicans are using their majorities in Congress to push aside Democratic opposition, but they ran into a series of political and policy setbacks.
Cigarette, gas tax hikes coming to Indiana on July 1
The cigarette tax hike is the result of a last-minute compromise by Indiana legislators to address a projected revenue shortfall of $2 billion over the biennium.
Some restaurants and servers oppose ‘no tax on tips’ budget proposal
The Independent Restaurant Coalition, which represents nearly 100,000 restaurant and bars, has appealed to Congress to reconsider the proposal, which is part of the president’s spending bill.
Smaller amusement parks hope for a strong summer under the shadow of tariffs
Some park owners fear ongoing economic uncertainty could keep families from traveling this summer, while tariffs could add extra costs for items like game prizes or parts for rides.
Trump’s tax bill could raise taxes on foreign companies, hurting investment from abroad
A new analysis estimates that the provision would cost the U.S. 360,000 jobs and $55 billion annually over 10 years in lost gross domestic product.
House Republicans pass Trump’s big bill after all-night session
Central to the package is the GOP’s commitment to extending some $4.5 trillion in tax breaks, as well as spending cuts and work requirements for Medicaid and nutrition assistance.
Trump’s big bill teeters as House conservatives demand more changes
House Republicans narrowly advanced the sprawling package in a rare weekend vote late Sunday, but just barely, as GOP leaders promise more negotiations ahead.
House GOP reveals Trump’s tax breaks for tips, overtime and car loans
Overall, the package is touching off the biggest political debate over taxes, spending and the nation’s priorities in nearly a decade.
Tech industry warns investment pledges hinge on research tax break
Major tech companies lobbying to salvage a tax deduction for research and development say they might pull back from high-profile pledges of new U.S. investments if Congress doesn’t fully reinstate the break.