Indiana governor signs gradual income tax cut plan into law
A plan for gradually cutting Indiana’s individual income tax rate over the next seven years has been signed into law by Gov. Eric Holcomb, the governor’s office announced Wednesday.
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Legislature ends session by cutting income taxes, not business personal property tax
Indiana lawmakers gave final approval early Wednesday morning to a Republican tax-cut package that would gradually reduce state income taxes over the next seven years, but they failed to reach agreement on cutting the business personal property tax.
Tax Court affirms, reverses in property tax disputes with ingredient provider
An American multinational ingredient provider that ran into trouble with the Indiana Board of Tax Review has secured a reversal from the Indiana Tax Court for its personal property taxes for the 2012 and 2013 tax years. However, it wasn’t as successful in its request for a refund after finding it overpaid for the 2011 tax year.
Indiana Senate panel backs bill without big tax-cut proposal
An Indiana Senate committee endorsed a tax proposal on Tuesday without the business and individual tax cut package potentially totaling more than $1 billion that the House approved last month.
Senate Republicans strip down key Indiana House bills in second half of session
Republican leaders in the House and Senate said from the outset of the 2022 legislative session that they didn’t see eye to eye on some of the highest-profile issues — and the Senate proved that last week when it stripped key provisions from several House bills.
Indiana lawmakers approve expanding tax refund eligibility
Indiana lawmakers on Thursday approved expanding the number of people eligible for anticipated $125 payments this spring under the state’s automatic taxpayer refund law.
Indiana Senate committee strips all tax cuts from House proposal
Republicans in the Indiana Senate gutted House Republicans’ plan for $1 billion in tax cuts within minutes of the bill’s first hearing in the Tax and Fiscal Policy Committee on Tuesday.
House, Senate remain at odds over tax, vaccine legislation at session’s halfway point
At the halfway point in this year’s legislative session, Republican leaders in the House and Senate continue to be at odds over the highest-profile issues of the session, including restrictions on employer vaccine mandates and tax cuts for businesses and individuals.
$1B tax cut package clears Indiana House, heads to uncertain future in Senate
Republicans in the Indiana House passed their $1 billion individual income and business tax cut proposal Thursday on a 68-25 party-line vote, sending it to the Senate, where its future is murky.
House Republicans unveil $1B tax cut plan; other GOP leaders are more reluctant
Indiana House Republicans unveiled a tax plan to eliminate or lower four separate taxes that would result in $1 billion in tax cuts by 2025.
Business tax cuts top Holcomb’s 2022 agenda
Reducing the business tax on equipment and modernizing tax incentives to attract more businesses to Indiana are among the top items on Gov. Eric Holcomb’s 2022 legislative agenda.
Holcomb, lawmakers differing on top issues
Indiana Gov. Eric Holcomb proposed a tax cut for some businesses Monday that is decidedly less ambitious than what many of his fellow Republicans want to seek during the new legislative session.
Indiana taxpayers to get $125 refunds as state gives back $545M in surplus
Indiana taxpayers will get a $125 refund after they pay their 2021 state income taxes, the governor’s office announced Wednesday afternoon.
Tax Court reverts Hobart mall’s property tax assessments, finds neither party met burden of proof
Neither an assessor nor a longtime northern Indiana shopping mall met their burdens of proof in an appeal contesting tax assessments of the mall’s property for 2015 and 2016, the Indiana Tax Court concluded, ordering for the assessments to revert back to their 2010 value.
State lawmakers preview priorities at Chamber legislative event
Business tax cuts and nixing government-imposed vaccine mandates will be among the legislative priorities for Indiana Chamber of Commerce next year, and top GOP lawmakers mostly appear to be on the same page.
Indiana governor says ‘we shall see’ on possible tax cuts
Indiana’s surging state tax collections have the governor in discussions on whether tax cuts should be considered during the upcoming legislative session.
Apellate court affirms forfeiture of 504 tax sale certificates purchased by ineligible buyer
The Indiana Court of Appeals did not buy a Lake County man’s argument that state statute allows ineligible buyers at tax sales to avoid forfeiture by paying delinquent property taxes, finding the man had time to clear his debt but never did so.
Tax Court affirms Kohl’s reduction on property assessments
A Kohl’s department store will be allowed to keep the markdown on its property taxes after the Indiana Tax Court ruled the Marion County assessor failed to present a convincing argument or evidence for why the original assessment amounts should be charged.
Florida lawyer indicted for federal tax fraud scheme surrenders Indiana law license
A Florida lawyer who was indicted for bilking the federal government of more than $32 million in tax revenue through an Indiana fraud scheme has surrendered his license to practice law in the Hoosier State.
Rosio and Schnelker: How to prepare your estate plan for potential tax changes
With so much going on in tax law, it’s a critical time to understand what your current estate plan is, identify how different rule changes might affect your plan if they become law and map out potential strategies that can be implemented if the laws change.