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Japan-based manufacturer breaks ground on new facility in northwest Indiana

Staff Report TheStatehouseFile.com INDIANAPOLIS — A Japan-owned manufacturer of automotive coatings for plastics, NB Coatings, broke ground on its new facility in northwest Indiana. NB Coatings North America – headquartered in Lansing, Illinois – is a wholly owned subsidiary of Japan-based Nippon Paint, which will invest more than $4.7 million to establish operations at NorthWind […]

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New law: Tax credit program falls to the wayside in favor of grants for historic properties

By Katie Stancombe TheStatehouseFile.com INDIANAPOLIS — A new grant program will create a fresh start for Hoosier developers to preserve and rehabilitate historic properties that could bring more tax revenue to the state, starting in fiscal year 2017. With the switch, the state is abandoning a tax credit program that had the same purpose but […]

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State tax credit cap reached for K-12 scholarship donations

Staff Report TheStatehouseFile.com INDIANAPOLIS – State tax credits available for K-12 tuition through Indiana’s Tax Credit Scholarship Program maxed out on Tuesday. Credits are currently capped at $7.5 million but will go up over the next two years to $8.5 million and $9.5 million, respectively. The program is funded by private donations. “This year Hoosiers […]

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Senate committee postpones vote on teacher tax credit bill

By Erika Brock TheStatehouseFile.com INDIANAPOLIS – Teachers would get a $200 tax credit to help pay for classroom supplies under legislation considered Wednesday by the Senate Education Committee. “Teachers spend much more than $200 a year on supplies in their classrooms and giving teachers this moderate tax break will help them tremendously,” said Caryl Auslander, […]

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Teacher tax credit bill passes Indiana House

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Teachers would receive a $200 tax credit toward the purchase of supplies for their classrooms under legislation the Indiana House approved Tuesday. House Bill 1005 now moves to the Senate for consideration. The bill’s author, Rep. Ben Smaltz, R-Auburn, said teachers are in the classroom for the joy of […]

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GOP plan would help teachers buy school supplies

By Garrett Day TheStatehouseFile.com INDIANAPOLIS – If the Indiana House Republican Caucus gets its way in the 2015 session, Hoosier teachers could soon receive extra money to spend on classroom supplies. The proposed tax credit – part of the House Republicans’ legislative agenda – doesn’t yet have a price tag. But a tax credit could […]

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Video & story: Lawmakers will study whether to expand rehab tax credit

By Jesse Wilson TheStatehouseFile.com INDIANAPOLIS – Legislators are set to delve into a study of the state’s historic preservation tax credit – a program so backlogged that it has become all but unusable. For years, developers used the credit to turn crumbling buildings into income-earning properties, bolstering communities along the way. But the state’s cap on […]

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House votes to send historic tax credit program to study

By Jacob Rund TheStatehouseFile.com INDIANAPOLIS – The Indiana House voted Thursday to gut a bill that would have shifted the state’s historic preservation tax credit into a grant program. On a voice vote, lawmakers decided instead to send the bill to a study committee for more work before the 2015 session. House Bill 1215 – […]

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Preservationists seek expanded tax credit program

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Advocates of historic preservation made a pitch Monday for an expanded tax credit program to help developers invest in older buildings – particularly in small downtowns. Marsh Davis, president of Indiana Landmarks, told lawmakers that the state’s current Historic Preservation Tax Credit program doesn’t work because a backlog means […]

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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, […]

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