Westfield seeks state support for taxing district near Grand Park
The city will need state legislators to amend existing rules for professional sports and convention development areas for one to be created at Grand Park Sports Campus.
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Trump says 25% tariffs on Canada, Mexico coming Feb. 1
President Trump also signed a directive telling federal agencies to conduct a 30-day review of how they can help to lower the costs of housing, health care, food, energy and home appliances as well as finding ways to bring more people into the workforce.
IBJ Podcast: Pete the Planner on Trump’s second term, rising inflation and the impact of the LA wildfires on housing
IBJ columnist Pete Dunn outlines the challenges of rising inflation, stubbornly high costs for consumer goods, the meandering stock market, mass deportations and what could be the biggest economic story of 2025.
IRS sending out automatic stimulus payments. Here’s who’s getting them.
The IRS is distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments. By the end of January, about 1 million taxpayers will receive special payments of up to $1,400 from the IRS.
IRS has improved taxpayer services but has been slow to resolve ID theft, independent watchdog says
IRS Commissioner Daniel Werfel said the agency is seeing higher numbers of theft victims overall since before the pandemic, in part because scammers are increasingly moving to online schemes.
Lawmakers ready tax legislation ahead of session prime for reform
Policymakers have proposed at least 12 bills seeking to create or adjust property tax credits or deductions and institute freezes.
Lawmakers preview property tax policy at legislative conference
Senate Tax and Fiscal Policy Chair Travis Holdman, R-Markle, said his caucus is ready to introduce between 12 and 15 bills that will affect property taxes.
Braun outlines first policy agenda with focus on tax relief, government efficiency
Indiana Gov.-elect Mike Braun’s “Freedom and Opportunity Agenda” also addresses his goals for economic development, public health and quality of life factors like public safety, energy affordability and water cleanliness.
Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
The tariffs, if implemented, could dramatically raise prices on everything from automobiles to agricultural products. It is unclear whether Trump will actually go through with the threats or if he’s using them as a negotiating tactic.
Rising price of paying national debt complicates Trump’s promises on growth, inflation
Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security.
Two-year tax task force releases property, income and business recommendations
Democrats assailed the recommendations as not providing enough relief to Hoosier taxpayers, and for giving “handouts” to businesses.
IBJ Podcast: Pete the Planner on Trump’s potential impact on investors, taxes, inflation and the auto industry
The president-elect is expected to employ tariffs to influence trade, loosen government regulations on companies and try to lower corporate taxes. Pete weighs in on potential winners and losers.
Federal court orders Indianapolis business to cease preparing tax returns
A federal investigation into Juan Santiago’s activities revealed an alleged “recurring pattern of fraudulent tax preparation practices.”
Gubernatorial candidates advocate cuts in property taxes, spending in second debate
Voters will have one final televised opportunity to hear from the candidates on Oct. 24 during the Indiana Debate Commission’s debate.
Indianapolis tax district board taking shape with two more proposed appointments
The Indianapolis City-County Council plans to vote in the coming weeks to add two women to the board that will oversee the management of a new tax focused on improving downtown’s cleanliness, public safety and homelessness situation.
Biden administration releases plans for new minimum tax on large companies
The new federal tax guidelines arrive in the midst of a grueling election season, the outcome of which will shape a looming partisan battle in Washington over a set of soon-expiring tax cuts adopted in 2017 under President Donald Trump.
Report: Indiana tax system high for manufacturing, life sciences companies, but low for HQs
The Chamber of Commerce study found that Indiana’s total tax burden—state and local—has been consistently less than the U.S. average.
Holcomb names four Indianapolis business leaders for downtown tax board
The appointments are the first of several expected to be made before November for the board, which was authorized by the City-County Council last month.
New ad urges Sen. Todd Young to support permanent small biz tax deduction
The National Federation of Independent Business said Monday it released the 30-second Indiana ad as part of a national push to extend a 20% small business deduction.
New report shows soccer stadium taxing district could generate $2.1B over 32 years
Of the $2.1 billion in taxes expected to be generated through the district from 2025 to 2056, about $1.7 billion would come from state income and sales and use taxes, the report says.