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State still working on details of tax amnesty program

By Adrianna Pitrelli TheStatehouseFile.com INDIANAPOLIS – State officials haven’t yet determined when they’ll launch a tax amnesty program the legislature authorized last month – but they say a decision is coming soon. The eight-week program will let tax scofflaws catch up on taxes they’ve failed to pay through Jan. 1, 2013. Amanda Stanley, a spokesman […]

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Guest column: On ‘tax day,’ how to lower the income tax

By Eric Schansberg Indiana Policy Review We pay taxes every day. But for many people, April 15th represents “Tax Day” — the day when our income tax forms are due. Many people file their 1040’s sooner, particularly when they’re receiving refunds. They have allowed the government to keep too much of their money all year. […]

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Teacher tax credit heads to Senate Tax Committee

By Erika Brock TheStatehouseFile.com INDIANAPOLIS – A bill that would gives teachers a $200 tax credit passed one committee on Wednesday but still needs approval from the powerful Senate Tax and Fiscal Policy Committee before it can move to the full chamber. The Senate Education Committee unanimously approved House Bill 1005, which would reimburse teachers […]

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Tax revenue down 1 percent for fiscal year so far

By Jess Seabolt TheStatehouseFile.com INDIANAPOLIS – State tax receipts fell just below predictions in February, raising concern among key lawmakers who are writing the next two-year budget. For the first eight months of Fiscal Year 2015, revenue is down 1 percent – or about $91 million. Senate Appropriations Chairman Luke Kenley, R-Noblesville, said the news […]

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State tax revenue fails to meet January projections

Staff Report TheStatehouseFile.com INDIANAPOLIS – Indiana tax revenue in January fell significantly below projections – surpassing anticipated amounts in only two major categories. The state took in $1.36 billion in general fund revenue during January. That’s $63.5 million less than estimates predicted but $32.5 million more than January 2014, a month in which snow and […]

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Teachers could get tax break for teacher supplies under bill headed to House

By Erika Brock TheStatehouseFile.com INDIANAPOLIS – Educators could receive an unexpected tax credit next year to reimburse, at least partially, the personal money they used to purchase classroom supplies. House Bill 1005, authored by Rep Ben Smaltz, R-Auburn, passed the House Education Committee unanimously and is now headed to the full House for consideration. It could […]

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State could nab taxpayer refund checks for private debt under bill

By Max Bomber TheStatehouseFile.com INDIANAPOLIS – The state could take a taxpayer’s refund check to settle private debt under legislation the House Judiciary Committee debated Monday. House Bill 1358 would apply only when a creditor – which could be a bank, a credit card company, a service provider or other firm – obtains a court […]

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Tax receipts beat projections in October, slightly behind for fiscal year

Staff report TheStatehouseFile.com INDIANAPOLIS – Tax revenues beat expectations in October – adding about $1.4 million more to the state’s coffers than projected. Sales tax receipts were up for the month while individual and corporate income taxes fell below estimates. Both sales and individual income taxes beat revenue during the same period last year. For […]

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Tax revenue falls just below projections in July

By Jacob Rund TheStatehouseFile.com INDIANAPOLIS – The Indiana State Budget Agency released its monthly report on revenue collection for the general fund – the first of Fiscal Year 2015 – on Wednesday, which showed a 1.7 percent dip in tax receipts compared to estimates. The state brought in a total of $1.04 billion in July […]

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Ways & Means debates Senate version of personal property tax cut

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Opponents of a plan to cut the property tax on business equipment told lawmakers Monday they should study the issue over the summer before moving forward with the measure. “We really are in favor of is sitting down and taking the time and doing a comprehensive study and doing […]

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