taxes http://wboi.org en State, Local Governments at Odds Over Tax http://wboi.org/post/state-local-governments-odds-over-tax <p>The next showdown between the state and local governments over the business personal property tax will be at a blue ribbon commission studying the issue this summer.&nbsp;</p><p><span style="line-height: 1.5;">The tax on is a levy on business equipment that generates a billion dollars a year for local governments.</span></p><p>Legislation passed this year allows local governments to either exempt new equipment from the business personal property tax, eliminate it on small businesses or abate the tax on specific projects for up to 20 years.&nbsp;</p> Wed, 23 Jul 2014 20:32:36 +0000 Brandon Smith 33625 at http://wboi.org State, Local Governments at Odds Over Tax Indiana Lands Big Budget Surplus, But Democrats Cry Foul http://wboi.org/post/indiana-lands-big-budget-surplus-democrats-cry-foul <p>Despite tax revenues that struggled for much of the fiscal year, Indiana closes its book with a surplus of more than $100 million and reserves topping $2 billion.&nbsp; But Democrats say the state is hoarding money to make its bottom line look good.</p><p><span style="line-height: 1.5;">Going into the final month of the fiscal year, Indiana was about $50 million short of expectations.&nbsp; But a strong June helped the state end the year about $13 million above projected levels.&nbsp; Still, Indiana brought in nearly $60 million less this year than last year.&nbsp;</span></p> Mon, 14 Jul 2014 17:56:39 +0000 Brandon Smith 33177 at http://wboi.org Indiana Lands Big Budget Surplus, But Democrats Cry Foul Pence Says Tax Conference is About Complexity, Not Revenue http://wboi.org/post/pence-says-tax-conference-about-complexity-not-revenue <p>An Indiana Tax Conference held Tuesday focused on simplifying the state’s tax system. &nbsp;Governor Mike Pence says a simpler code will be a big part of his legislative agenda next session.</p><p><span style="line-height: 1.5;">Participants at the conference included Arthur </span>Laffer<span style="line-height: 1.5;">, the principal architect of </span>Reaganomics<span style="line-height: 1.5;">, anti-tax activist Grover </span>Norquist<span style="line-height: 1.5;">, and former Bush administration economic advisor Al Hubbard.&nbsp;</span></p> Tue, 24 Jun 2014 20:09:18 +0000 Brandon Smith 32263 at http://wboi.org Pence Says Tax Conference is About Complexity, Not Revenue Conference Aims to Open Discussion on Hoosier Tax Climate http://wboi.org/post/conference-aims-open-discussion-hoosier-tax-climate <p>Governor Mike Pence will convene a tax conference in Indianapolis this week that he says will bring together leading tax reform thinkers to focus on making Indiana’s tax climate more competitive.</p><p><span style="line-height: 1.5;">The Indiana Tax Competitiveness and Simplification Conference will feature more than two hundred national and local tax experts in an effort to develop recommendations for the Pence administration and General Assembly.&nbsp;</span></p> Mon, 23 Jun 2014 18:28:42 +0000 Brandon Smith 32198 at http://wboi.org Bosma Unveils 2014 Agenda, Targets Business Tax http://wboi.org/post/bosma-unveils-2014-agenda-targets-business-tax <p></p><p>House Speaker Brian Bosma Wednesday proposed what he calls the “smart way” to reduce Indiana’s business personal property tax.&nbsp; But the plan wouldn’t completely eliminate the tax.</p><p><span style="line-height: 1.5;">Governor Mike Pence made elimination of the business personal property tax the cornerstone of his 2014 legislative agenda.&nbsp; He stopped short, however, of identifying a specific way to get rid of the levy on business equipment that brings in a billion dollars a year to local governments.&nbsp;</span></p> Wed, 08 Jan 2014 19:20:44 +0000 Brandon Smith 25123 at http://wboi.org Bosma Unveils 2014 Agenda, Targets Business Tax Legislature Overrides Pence's Tax Bill Veto http://wboi.org/post/legislature-overrides-pences-tax-bill-veto <p>The General Assembly Wednesday voted overwhelmingly to override Governor Mike Pence’s veto of a tax bill, with Republican leaders saying the legislation is the best fix to a tax problem.</p><p> Wed, 12 Jun 2013 21:37:28 +0000 Brandon Smith 16132 at http://wboi.org Pence proposes income tax cut to mayors during statehouse visit http://wboi.org/post/pence-proposes-income-tax-cut-mayors-during-statehouse-visit <p></p><p></p><div></div><p></p><p>Governor Mike Pence pitched his income tax cut proposal to mayors and local government leaders who visited the Statehouse Tuesday to promote their own priorities to the legislature.&nbsp;</p> Tue, 19 Mar 2013 20:05:09 +0000 Brandon Smith 12144 at http://wboi.org Pence proposes income tax cut to mayors during statehouse visit Tea Party group supports Pence tax cut http://wboi.org/post/tea-party-group-supports-pence-tax-cut <p></p><p><span style="line-height: 1.5;">Tea Party group Americans for Prosperity is entering the debate in Indiana over Governor Mike Pence’s proposed ten percent income tax cut.&nbsp; The organization announced it will air TV ads in support of the tax cut.</span></p> Thu, 07 Mar 2013 20:28:42 +0000 Brandon Smith 11622 at http://wboi.org Tea Party group supports Pence tax cut