Home » Archives by category » Issues » Taxes & budget
budget \ schools \ tax cuts \ taxes
House, Senate pass tax cuts, budget with more spending for roads, schools
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Lawmakers sent Gov. Mike Pence a tax package Friday night that majority Republicans called a win for Hoosiers but Democrats lambasted as a joke. One day after Republicans reached months in the making, the two-year budget and tax bill passed easily – but largely along party lines. It cuts [...]
Brian Bosma \ budget \ David Long \ education \ Luke Kenley \ Mike Pence \ Pat Bauer \ schools \ taxes \ Tim Skinner
Budget includes 5 percent income tax cut, more spending on schools and roads
By Samm Quinn and Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Lawmakers will vote Friday on a two-year, $30 billion budget that phases in a 5 percent cut in the individual income tax rate, eliminates the inheritance tax and boosts money for roads and schools. House Speaker Brian Bosma, a Republican, said the tax cuts will “impact [...]
Brian Bosma \ budget \ casinos \ David Long \ education \ gambling \ schools \ taxes \ Tim Brown
Lawmakers near final deals on budget, vouchers, gambling and more
By Megan Banta TheStatehouseFile.com INDIANAPOLIS – Legislative leaders say they’re closing in on deals to cut taxes, boost school spending and expand the state’s private school voucher program just days before the General Assembly is to adjourn for the year. House Speaker Brian Bosma, R-Indianapolis, said lawmakers want to include the “largest single tax cut [...]
budget \ income taxes \ Mike Pence \ taxes
Pence: Tax cut would spur jobs that Indiana needs
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Gov. Mike Pence made an economic argument for his 10 percent income tax cut on Wednesday, just hours before legislative fiscal leaders met publicly to begin final negotiations on a two-year spending plan. Pence said that Hoosiers’ per capita income is lagging and the state’s unemployment rate remains too [...]
budget \ income taxes \ Luke Kenley \ Mike Pence \ tax cut \ taxes \ Tim Brown
Pence says new projections mean lawmakers should pass tax cut
By Samm Quinn TheStatehouseFile.com INDIANAPOLIS – Gov. Mike Pence made yet another pitch for his income tax cut Tuesday, saying new revenue projections show the state can afford it, even with increases in spending on roads and schools. But legislative fiscal leaders are skeptical and said the new money won’t be enough to give Pence [...]
history \ preservation \ tax credit
House votes to boost cap on historic preservation tax credit
By Jesselyn Bickley TheStatehouseFile.com INDIANAPOLIS – A tax credit for historic preservation could increase to $2.5 million annually under changes passed in the House on Thursday. The proposal – which is now eligible for a vote by the full House – would be higher than the current credit, which is capped at $450,000 per year, [...]
budget \ conference committee \ taxes
Budget bill heads to conference committee after Senate passage
By Tim Grimes TheStatehouseFile.com INDIANAPOLIS – The fate of Gov. Mike Pence’s proposed individual income tax cut is in the hands of top House and Senate negotiators now that both Republican-dominated chambers have approved their own versions of a new state budget. The Senate voted Tuesday night to approve a two-year, $29.5 billion spending plan [...]
budget \ history \ local government \ preservation \ tax credits \ taxes
Historic preservation bill stripped of funding for new projects
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – A House panel scaled back tax credit legislation Monday so that it would no longer encourage new investment in historic properties – at least not for awhile – but would help to eliminate a backlog of incentive payments for projects already completed. The Ways and Means Committee voted to [...]
budget \ income tax cut \ Mike Pence \ Republicans \ spending \ tax cut \ taxes
Senate budget includes a sliver of Gov. Pence tax cut
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Majority Senate Republicans unveiled a $29.5 billion two-year budget plan Thursday that boosts funding for schools and roads and includes a small individual income tax cut that could save the median Hoosier household about $46 a year. The cut is far less than the 10 percent income tax reduction [...]
budget \ history \ preservation \ tax credits \ taxes
Lawmakers want to do more work on historic preservation tax credit
By Samm Quinn TheStatehouseFile.com INDIANAPOLIS – Lawmakers said Wednesday they’ll spend the next few days deciding how much money they’re willing to spend to expand the state’s historic tax credit. House Ways and Means Chair Tim Brown, R-Crawfordsville, said the committee took no action on Senate Bill 4, where the tax credit issue has been [...]
Recent Comments