Holcomb to keep Vincent as budget office director
Micah Vincent has served as director of the Office of Management and Budget since 2015 after he was tapped for the role by Gov. Mike Pence.
Taxes
Articles
Trump threatens payback for U.S. companies that move abroad
President-elect Donald Trump is threatening to impose heavy taxes on U.S. companies that move jobs overseas and still try to sell their products to Americans.
Treasury pick Mnuchin predicts tax cuts to double U.S. growth
U.S. Treasury Secretary-nominee Steven Mnuchin outlined an economic agenda aimed at almost doubling the growth rate of the current expansion, saying he will boost jobs by making tax reform his overriding priority.
For some in middle class, Trump plan could mean higher taxes
A majority of single-parent households in America could pay more in taxes under president-elect Donald Trump’s proposals, while the richest 1 percent could see a 13.5 percent decrease in taxes.
Council committee approves expanding downtown TIF
The proposal, which supporters say will spur development in needed areas, still needs the support of the full City-County Council to move forward.
Gas, cigarette tax hikes on table again as lawmakers weigh road-funding options
House Speaker Brian Bosma said Monday at the Indiana Chamber’s annual legislative preview event that he wanted funding for Indiana’s roads and bridges that would last for “a generation”—and the question now is how the Legislature will go about paying for it.
City tries to claw back $380,675 from exiting Rexnord Corp.
As the manufacturer prepares to move its Indianapolis operations to Mexico, city officials are demanding a refund in tax incentives received by the firm.
Mayor unsure how much of Rexnord incentives city could claw back
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Washington Township district warns of staff cuts if voters don’t choose tax hike
If the school district’s ballot measures worth $230 million pass, the district says it will upgrade technology, renovate existing schools and build a new elementary school.
Young, Bayh trade barbs in heated Senate debate
Democrat Evan Bayh and Republican Todd Young accused each other of being Washington insiders and putting special interests over Hoosiers during Tuesday night’s charged debate.
Holcomb touts GOP economic record at debate; Gregg frustrated with ‘status quo’
The three gubernatorial candidates—Democrat John Gregg, Republican Eric Holcomb and Libertarian Rex Bell—debated issues relating to jobs and the economy at the debate at University of Indianapolis.
Downtown TIF expansion in works
Mayor Joe Hogsett’s administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.
Cash-short cities mull new wheel-tax option
Indiana cities with a population of at least 10,000 are now allowed to impose an excise surtax and wheel tax to fund road projects and maintenance, under legislation passed this year.
Indiana tax amnesty collections total more than $188 million
The amount was more than double the $90 million anticipated by the General Assembly and represented a third of amnesty-eligible liabilities.
Fishers City Council OKs wheel tax, gives itself pay raise
On the same night the Fishers City Council gave itself a 58 percent pay hike, members unanimously voted to charge residents and businesses a new tax for every registered vehicle they own starting in 2018.
Pence touts Indiana economy in VP pitches
Indiana economists and finance experts have mixed reviews about how much of what Pence has touted on the campaign trail should be credited to him.
Business groups see ‘home run’ with Trump’s lower corporate tax
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.
City to consider forcing sale of parcels for new east-side library
Negotiations with property owners to buy a few parcels of land in the Martindale-Brightwood neighborhood appears to have stalled. City-County Council members this week will discuss exercising eminent domain.
State announces record reserve fund, budget surplus
Indiana was able to achieve the surplus despite missing its forecast for revenue growth by $111.3 million.
Chicago’s new older smoking age could increase Indiana sales
Chicago's move to raise the minimum age to purchase cigarettes to 21 could increase smoke shop sales in northwestern Indiana, experts said.