Tax collection woes raise concern among leaders
The Indiana Budget Agency reported Friday that tax collections came in $54 million less than expected in February.
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Soccer team owner concedes battle for stadium funds this year
The owner of the Indy Eleven soccer franchise has conceded that his push for state financing help for a proposed 18,500-seat, $87 million stadium in Indianapolis will have to wait on the bench for another legislative session.
Same-sex marriage tax benefits nixed by Senate
Indiana lawmakers voted to change a tax bill Monday, a move allowing the state to keep its current policy, which does not recognize same-sex marriages for tax purposes.
Business tax cuts enter House, Senate negotiations
The Senate voted 33-15 Tuesday to advance the package, sending it to a conference committee of House and Senate members.
Mass transit bill headed to conference committee
The Indiana House passed legislation to authorize new taxes for an expanded bus system but the bill is headed to a conference committee where lawmakers will try to find a compromise on the issue.
Indiana lawmakers draw close on business tax deal
The House Ways and Means Committee and the Senate Tax and Fiscal Policy advanced two separate measures Tuesday that would cut the state's corporate income tax and the state's business equipment tax in certain cases.
Indiana lawmakers draw close on business tax deal
A pair of legislative panels approved changes Tuesday for competing House and Senate tax measures that would cut taxes on business equipment and corporate earnings.
House committee mulls corporate contribution to mass transit
The Indiana House Ways and Means Committee is expected to vote Monday on a mass-transit bill and is considering an amendment that would require 10 percent of revenue to come from non-traditional sources.
Pence open to replacing any revenue lost in tax bill
Indiana Gov. Mike Pence said Tuesday he’s open to proposals to “fully replace” the revenue that local governments might lose under a Senate plan to cut the personal property tax for thousands of businesses across Indiana.
Plan to cut business-equipment tax draws debate
Indiana House lawmakers took up a Senate proposal to cut business taxes on Monday, as fiscal leaders continued working behind the scenes to craft a compromise package of cuts this legislative session.
Bitter winter hitting Indiana’s revenue stream
Nearly every state revenue category failed to hit its January target, including sales taxes and personal income taxes — Indiana's two largest revenue sources.
Experts see limits to state’s low-tax strategy
Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.
House lawmakers advance pair of Pence measures
The House voted in favor of measures increasing personal income tax exemptions and establishing an adoption tax credit. Both measures won broad bipartisan support.
House, Senate OK corporate tax plans despite protests
The House and Senate easily approved separate bills Thursday to reduce the business property taxes just hours after local government officials from across the state joined to protest the legislation.
Indiana House gatekeeper open to soccer stadium
House Ways and Means Chairman Tim Brown said lawmakers will consider a plan by the IndyEleven soccer team to finance an $87 million stadium. The proposal is likely to be attached to an existing Senate bill.
Senate amends corporate tax bill, rejects Democrats’ efforts to strip key provisions
Financial institutions would have to wait an additional three years to fully feel the effects of a statewide tax cut under changes made Tuesday to Indiana Senate Bill 1.
Soccer team seeks state help for $87M downtown stadium
Indy Eleven owner Ersal Ozdemir hopes state lawmakers will help him finance construction of a multi-use soccer stadium with 18,500 seats in downtown Indianapolis.
Personal property tax cut heads to full House
House Bill 1001, authored by Rep. Eric Turner, R-Cicero, would allow county income tax councils to exempt businesses from paying the business personal property tax on any new equipment they purchased.
Indy Chamber proposes commuter tax
Indy Chamber is making the case for a commuter tax, arguing that it’s the best way to solve continual fiscal problems threatening to make Marion County, thus the whole metro area, less competitive.
Indiana business tax changes still worry some mayors
Some local-government officials around the state remain concerned about changes Indiana lawmakers are considering to the state's property tax on business equipment.