Senate OKs Indianapolis Motor Speedway funding plan
A plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval from the Indiana Senate.
Taxes
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Indiana panel advances $30B budget on partisan vote
A pair of Republican senators argued Tuesday for the personal income tax cut that Indiana Gov. Mike Pence has made his top priority, while House Republicans across the hall advanced a budget that swaps that cut for education and roads spending.
Legislature backs delay for Indiana farmland tax hike
New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.
Sex-abuse group proposes tax on Indiana strip clubs
A $5 tax charged patrons at the doors of Texas strip clubs generates more $10 million a year. Utah and Illinois also have recently enacted taxes or surcharges to fund programs for victims.
Indiana House drops tax cut for school, road money
House Republicans tossed out Gov. Mike Pence's call for a tax cut Friday, unveiling a $30 billion biennial budget that instead relies on Indiana's roughly $500 million annual surplus to restore education cuts and pay for road and bridge repairs.
Major Indiana casino overhaul faces doubts in Statehouse
The leader of the Indiana House is hesitant about the chances of an overhaul of state casino taxes and regulations aimed at helping them against growing competition from surrounding states.
Senate bill would stop paying gambling counties
The change would save the state $24 million in 2015 and another $48 million each year thereafter—all money that’s now being collected from gambling taxes and sent to cities, towns and counties.
Bill to support Speedway with state taxes passes committee
The Indiana Senate Appropriations Committee on Thursday morning unanimously passed a bill that would capture state tax money generated at the Indianapolis Motor Speedway and give it back to the track to improve the facility.
Architectural firm A2SO4 ordered to cease operations
The Indiana Department of Revenue has revoked the Indianapolis firm’s retail merchant certificate, alleging it owes more than $43,000 in taxes.
Speedway businesses eye gains from IMS upgrade
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
Senators look to sunset city’s ticket, excise tax hikes
Legislator says the recent tax increases aren’t being used for the purpose intended when such increases were authorized in 2009.
Earlier online sales tax collection clears Indiana House
Amazon.com and other online-only retailers would have to start collecting Indiana's 7-percent sales tax this summer under a bill approved overwhelmingly by the Indiana House.
City-County Council approves north-side TIF district
A new redevelopment area will be created on the north side, as the Indianapolis City-County Council voted 23-5 Monday night in favor of the North Midtown tax-increment finance district.
Top senators eye state’s sales tax for road needs
Indiana lawmakers looking to plug a hole in state transportation spending are considering diverting the state's sales tax on gasoline to transportation.
Bill aimed at boosting Indiana casinos advances
The Senate Public Policy Committee voted 9-0 in support of a bill that would overhaul the state's casino taxes, along with allowing Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at the two horse track casinos.
Marion County assessor bracing for more tax appeals
Marion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing appeals from previous years that the office is continuing to wade through.
Bill seeks earlier date for online retailers to collect taxes
Hoosiers may be required to pay a 7-percent sales tax on top of their Amazon purchases starting July 1 if a proposed House bill is adopted.
Mass transit group kicking off promotional campaign
Indy Connect, the local initiative supporting a $1.3 billion expansion of the transit system, plans to begin an advertising campaign for the proposal on Friday.
Indiana wind energy industry wants longer tax credit
Officials with Indiana's wind energy industry say they are relieved by Congress' one-year extension of a tax credit but contend it will take a longer-term approach to grow the industry and create jobs in the state.
‘Cliff’ deal sends stocks up, but problems lurk
The "fiscal cliff" compromise, even with all its chaos, controversy and unresolved questions, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year.