taxes

Allen County Health

Fort Wayne City Council unanimously approved changes to the city’s tax abatement policy during its weekly meeting Tuesday night.

Zach Bernard/WBOI News

Fort Wayne City Council approved a 0.13 percent increase to the local income tax rate Tuesday night, creating a revenue stream that will help pay for riverfront development and sidewalk and alley repairs.

Lisa Ryan, WBOI News

The Fort Wayne City Council held a public hearing Tuesday to allow people to voice their opinions on whether to raise the county income tax rate. The majority of people who spoke at the hearing were in favor.

Fort Wayne’s Board of Park Commissioners discussed riverfront development during a meeting Thursday. The project might be partially funded by an income tax increase, if City Council approves the plan.

KEITH COOPER / FLICKR

This year, a tax amnesty program allowed Hoosiers to pay past-due taxes without any fees or penalties for the first time since 2005. The program ended last month, and as of Tuesday, it brought in $10 million more than its goal. That’s good news for the state’s Regional Cities Initiative.

Lisa Ryan, WBOI News

Fort Wayne is one of two Indiana cities that made the list for top cities to do business. It ranked 6 out of 10 on Business Review USA’s list.

The article cites Indiana’s low taxes and unemployment rates as reasons Fort Wayne and Evansville are two of the top 10 cities to do business.

Fort Wayne Mayor Tom Henry says the city will use this recognition to attract more businesses.

“We’re going to use that to let a lot of potential employers know and visitors know that the city of Fort Wayne continues to grow and continues to have real positive momentum,” Henry said.

Flickr User / Tracy O

Hoosier businesses and individuals who owe back taxes to the state will have an opportunity to pay what they owe, without a penalty, this fall.  The governor Monday announced a start date for the state’s tax amnesty program.

Indiana conducted its first tax amnesty program in 2005, collecting about $244 million in back taxes.  Those who participated in that program will be ineligible to take advantage of a new tax amnesty window, open from September 15 to November 16. 

Wikimedia Commons

Indiana is heading into the final month of its fiscal year with tax collections ahead of projections.

The state spent much of this fiscal year behind the proverbial eight-ball as tax revenues came in below projections seven out of the first nine months. 

But a new revenue forecast released in April significantly dampened expectations and collections that month surged, helping the state climb out of the financial hole. 

File

Governor Mike Pence says he still hopes to alter a major sales tax exemption for Hoosier businesses after House lawmakers stripped out a change to the exemption from the governor’s tax legislation.

One of the biggest pieces of Governor Pence’s tax simplification bill was the elimination of what’s called the “double direct” test for determining business sales tax exemptions.  The double direct test is a very specific metric for determining what items are exempt from the sales tax. 

Courtesy / Indiana House Republicans

A measure aimed at simplifying the state’s tax code is on its way to the House floor.  But the version committee members passed doesn’t include as many changes as Governor Mike Pence was pushing for.

Pence’s proposed tax bill, sponsored by Fishers Republican Representative Todd Huston, aims to simplify the tax code by, in part, eliminating more than two dozen tax credits. It also included a change to a sales tax exemption for Hoosier businesses. 

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