Indiana’s surging state tax collections have the governor in discussions on whether tax cuts should be considered during the upcoming legislative session.
With Indiana’s state tax collections surging, a top Republican legislator is looking at possible significant changes to the state sales tax and cutting property taxes for some businesses.
Nearly one-fifth of a proposed state funding hike for Indiana’s schools would go toward expanding private school voucher and virtual school programs under a budget plan Republican legislators released Thursday.
A House committee made significant changes Thursday to the way Indiana would spend proceeds from a proposal to hike the state’s cigarette tax https://www.theindianalawyer.com/articles/indiana-lawmakers-discuss-doubling-cigarette-tax-rate for the first time in more than a decade and impose a new state tax on vaping liquids.
Indiana lawmakers are considering doubling the state’s cigarette tax and imposing a tax on e-cigarettes. If passed, the new $1 per pack tax would be the first increase since 2007 and the measure would also raise taxes on vaping products.
Three motor carriers can proceed with their claims for a tax refund from the state, the Indiana Tax Court has ruled.
Finances of the state of Indiana are taking a major hit from the coronavirus crisis, and it remains to be seen how big the hit will be.
Indiana needs state taxes to discourage the use of electronic cigarettes as vaping becomes more popular and is increasingly blamed in illnesses and deaths, the state’s main physicians organization and other health advocates said Tuesday.
A divided Indiana Court of Appeals affirmed that the inclusion of an overbid in a tax-sale purchased home’s redemption amount was misleading, but the majority still ultimately offered a second chance for a proper notice to be sent.
Indiana is one step closer to closing what lawmakers describe as a loophole in online sales and hotel tax collection.
By putting an end to the bright line rule allowing the collection of sales tax only from companies with a physical presence in a state, the United States Supreme Court decision in South Dakota v. Wayfair, et al. created a new task for states: setting a threshold that online retailers must meet before a sales tax can be imposed. In Indiana, that task is already complete thanks to a 2017 law intentionally passed to spur SCOTUS action.
Indiana Gov. Eric Holcomb is praising a U.S. Supreme Court ruling that says states can force online shoppers to pay sales tax. The 5-4 decision Thursday overturns earlier rulings, which determined companies shipping products to states where they didn’t have a physical presence weren’t obligated to collect the states’ sales tax.
The Supreme Court says states can force online shoppers to pay sales tax. The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impacted online sales tax collection.
Seven Asian restaurants around Indiana did not report sales of more than $8 million, and their owners have been criminally charged with failing to remit nearly $675,000 in sales and food and beverage taxes to the state, authorities said Thursday.