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Lawmakers cautiously optimistic about projections for more tax money

By Jacob Rund TheStatehouseFile.com INDIANAPOLIS – Lawmakers could have an additional $842 million in new money to spend on the next two-year budget. On Thursday, the Revenue Forecast Technical Committee presented its projections for Fiscal Years 2016 – beginning July 1 – and 2017 to the State Budget Committee. The estimates are used as an […]

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Analysis: Education funding depends on upcoming fiscal forecast

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Republicans are talking big about boosting state funding for public schools over the next two years, but it’s not clear yet whether the cash will be available to make that happen. Already, House Speaker Brian Bosma, R-Indianapolis, has said that his caucus wants to provide a larger overall increase […]

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Frankly Speaking podcast: Education funding, Sunday sales & other issues for 2015

In this week’s edition of Frankly Speaking, hosts Jacob Rund and Lesley Weidenbener take a look at Organization Day and the issues lawmakers plan to tackle in the 2015 session, including education funding, ethics reform, gambling regulation and Sunday alcohol sales. We also have our weekly Pence Watch and you can listen to Sen. Jim Banks […]

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Study group: Eliminate personal property tax for small business

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – About half of all Indiana companies would stop paying property taxes on the value of their equipment under a recommendation a legislative study committee made Wednesday. The group’s chairman – Sen. Brandt Hershman, R-Buck Creek – said those firms might be required to pay a modest fee to help […]

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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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Committee recommends land-based casinos, live dealers at horse tracks

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Riverboat gambling operations would be allowed to rebuild on land and horse track casinos could use live dealers for table games under a recommendation approved Thursday by a legislative study committee. But the proposal – approved unanimously – would not allow horse track casinos in Anderson and Shelbyville to […]

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State tax receipts continue to trail projections

Staff report TheStatehouseFile.com INDIANAPOLIS – State tax receipts fell below projections in September for the third straight month but remain ahead of revenue for the same period last year. During the first quarter of the fiscal year, state revenue was nearly $39 million behind estimates released in December. That’s about 1.1 percent below forecast. Individual […]

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Land-based casinos, live dealers among changes study committee likely to recommend

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Live dealers in race-track casinos. Riverboat gambling operations rebuilt on land. And more assistance for a resort in French Lick. Those are among the ideas that a panel of lawmakers appears increasingly likely to recommend to try to prop up a gambling industry rocked by competition from Ohio and […]

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Tax caps having greatest impact for owners of rental property, farms

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – The owners of rental homes and apartments are among the property owners that are helped most by a tax cap system the state fully implemented in 2010. In all, the tax caps reduced bills – and therefore reduced revenue to local units of government and schools – by $766 […]

Guest column: Balanced, calculated approach to federal tax and regulatory reform needed

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Guest column: Balanced, calculated approach to federal tax and regulatory reform needed

By Don Villwock Indiana Farm Bureau During the current 113th Congress, several lawmakers have proposed reforms that broaden the tax base and lower tax rates by removing a combination of incentives or provisions currently used by individuals, businesses and organizations. On many occasions, legislators have indicated that no incentive or provision is safe. On the surface, […]

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