Business tax

News
6:13 pm
Tue January 14, 2014

Pence Supports House Tax Plan

A Pence administration official says the governor supports a House Republican plan that would allow local governments to eliminate a tax on purchases of new business equipment.  

Governor Mike Pence made elimination of the business personal property tax the centerpiece of his 2014 legislative agenda.  The levy on business equipment generates about one billion dollars a year for local governments.  House Republicans countered with legislation that would allow county boards to eliminate the tax only on new purchases. 

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